India has large wheat stocks already yet policy dictates they increase. In states like Punjab, Haryana, UP and Gujarat prices have fallen and are below the minimum support prices. This is a policy-induced outcome. A safe game in grains is fine, given the global politics of grain trade and the great ability of Indian politics to subsidise the wrong man in the vote bank — but how safe is safe? The...
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Leave It To The Market by Dilip Modi
Land acquisitions in India are invariably marked by violent protests. Is politics responsible for stirring up passions? Is it loss of a means of livelihood that landowners resent? Or is there a fundamental problem with the way acquisition is done that stirs up a hornet's nest? Look at the last issue first. There are two fundamental problems with the present system of land acquisition: the process of acquisition, and the...
More »Bringing the internet to rural India's business community by Moska Najib
It's early morning in rural Rajasthan and the sun is already burning. Only the brave have ventured out into the harsh, radiating heat. At the dusty Kanpura village, farmers are hard at work, grading their harvest. But the dry, still air is slowing them down. For Jeevan Ram Kharol, selling his produce is the only source of income. Last year, the drought brought him no returns. Now he's hoping the harvest will...
More »UN summit adopts 10-year plan to help lift developing countries out of poverty
Participants at a United Nations summit today outlined a 10-year plan to support the world’s most vulnerable countries overcome poverty, calling on the private sector to play a greater role in the fight, urging wealthy nations to step up their aid commitments and demanding the elimination of many trade barriers. The Istanbul Programme of Action to spur development and economic growth was made public at the end of the Fourth UN...
More »The wheat mountains of the Punjab by MS Swaminathan
The arrival of large quantities of wheat in the grain markets of the Punjab-Haryana region is a heart-warming sight, while poor storage is a matter of national shame. It was in April-May 1968, that the country witnessed the wonderful spectacle of large arrivals of wheat grain in the mandis of Punjab like Moga and Khanna. Wheat production in the country rose to nearly 17 million tonnes that year, from the previous...
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