FAO has warned that 2011 may witness a global food crisis. Proactive action is needed to meet the challenge of price volatility, chronic hunger, agrarian despair and climate change. The Food and Agriculture Organisation of the United Nations (FAO) has alerted developing countries about possible steep rises in food prices during 2011, if steps are not taken immediately to increase significantly the production of major food crops. According to FAO, “with...

The definition is contested as the answer has immense economic implications. If bamboo is a tree or timber, it belongs to the forest department and can be auctioned to the paper and pulp industry, often at throwaway rates. If it is a grass, then it would be classified as a minor forest produce and people would have the right to cut bamboo for sale or for value addition by making...

Farmers affiliated to the Trinamool Congress whose agricultural land was acquired for a railway project are threatening a major agitation if their family members are not provided with jobs immediately. Their land was acquired for the proposed 20 km Dankuni-Furfura Sharif track in West Bengal and Railway Minister Mamata Banerjee had promised a job for every family whose land was taken.Agricultural landowners of Furfura Sharif, a major Muslim pilgrimage site...

Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...

Activists associated with framing and implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) have raised alarm against linking of Aadhar, the Unique Identification Number (UID) of an individual, with the job scheme. According to them, the effort would deprive a large number of labourers of job opportunities and may result in complete blockade of the scheme at certain places. A movement spearheaded by development economist and member of...