The head of the UN food agency, Jacques Diouf, says he is not satisfied with the final declaration of the UN world food summit in Rome. Mr Diouf criticised the declaration - which vowed "urgent action" to boost food security - for not including exact targets to reduce hunger. Aid agency Oxfam also condemned the statement as "un-costed, unfunded and unaccountable". The UN estimates more than one billion people worldwide...

Ever since Gunnar Myrdal’s Asian Drama, which castigated India as a “soft state”, western observers, as well as many members of the Nehruvian wing of Macaulay’s children, have failed to understand the anarchical society which has existed in India for millennia. A recent review (Journal of Economic Literature, September 2009) by Lant Pritchett (a former World Bank official in Delhi) of Financial Times’ former India correspondent Edward Luce’s book In...

For a man who will inherit vast tracts of fertile farmland in Punjab, India's grain bowl, Jaswinder Singh made what seemed to him a logical career move -- he took a job with a telecoms company in New Delhi. "I can't go back to the village after an M.B.A. Delhi has more money, better quality of life. The job is more satisfying, and you don't depend on the weather or...

Sugar, to mix one’s metaphors, is heading for a perfect storm. And this is being made because of our own policies. By the year-end, retail prices of sugar in Delhi and Mumbai may cross the Rs 40 per kg barrier — an almost 150 per cent increase in less than 15 months. And no, you can’t blame climate change or monsoon failures for this. So, what triggered the sugar crisis? In...

A simple vegetarian fare of dal, rice, vegetables and chapattis is costing you more every month. Prices of vegetables have almost doubled in the last two months while pulses and foodgrain are costing 25 per cent more. Lady's finger that was available for Rs 28 a kg a fortnight ago now costs Rs 40 a kg. Capsicum is up to Rs 70 a kg from Rs 40 a kg while prices of...