An annual meeting of Asian finance ministers and central bank governors in Hanoi is set to address the fate of 64 million people in the region on the brink of extreme poverty. They are the worst affected by soaring food prices, which have hit record highs in the first two months of this year. "The issue of food price inflation and food security will indeed be one of the key topics...

The UPA-II government introduces with BJP support two anti-labour Bills, the Pension Bill and the Labour Laws Amendment Bill. ON March 24, the United Progressive Alliance (UPA) government managed to do what it had not been able to do in its first term – it reintroduced the Pension Fund Regulatory and Development Authority (PFRDA) Bill in Parliament with the support of the Bharatiya Janata Party. The objective of the Bill is...

Any perceptive analyst of democracy will testify that there is no necessary relationship between democracy and a corruption-proof regime, or development, or political stability. If we were to evaluate democracy from the vantage point of the desired ends we expect it to realise, it would fare rather poorly when compared to authoritarian governments, say the one institutionalised in Singapore by its former prime minister, Lee Kuan Yew. Yew transformed Singapore...

From the Prime Minister down, WikiLeaks has exposed the rotten state of the world's largest democracy for all to see. Food prices become intolerable for the poor. Protests against corruption paralyse Parliament. Then a series of American diplomatic cables released by the WikiLeaks exposes a brazenly mendacious and venal ruling class; the head of government adored by foreign business people and journalists loses his moral authority, turning into a lame duck. This...

Sometime this month, Justice N Ramamohana Rao of the Andhra Pradesh High Court will deliver a verdict that will directly impact earnings of the 114 million people who work under the National Rural Employment Guarantee Scheme (NREGS), the Central government's work guarantee programme. The verdict will also indirectly impact earnings of the 400 million workers and labourers who toil in India's factories and fields for 'minimum wages'. The question Justice Rao...