The revised estimates of national income by the Central Statistical Organisation for 2009-10 present a generally positive picture of the economy. During the year, the economy grew by 7.4 per cent, marginally higher than the 7.2 per cent projected in February's advance estimates. A better-than-expected 8.6 per cent growth during the fourth quarter is the main reason. Industry has been a star performer. The strong performance of the crucial segments...

Not so long ago, the prospect of a global sugar shortage gave food manufacturers a panic attack. Poor weather conditions hitting crops in the world's two biggest sugar-producing nations, Brazil and India, sent the price of the sweet stuff soaring on international markets. In August last year, US firms such as Kraft Food, General Mills and chocolate-maker Hershey were so worried that they wrote a joint letter to the country's...

Thirty years ago, a department of environment was set up in the Central government; 25 years ago, this was upgraded into a full-fledged ministry of environment and forests. As we mark these anniversaries, it must be said that the ministers in charge of this ministry have generally been incompetent, or malign, or both. Some might make an exception for Maneka Gandhi, who was minister of state for the environment between...

Population growth seems to have dropped off the public agenda these days. One reason for this is a twist in the old Malthusian argument that sees the rising proportion of persons of working age as a positive for growth. This shift in the age-distribution, it is argued, will stimulate savings as pressure on household and public budgets for the needs of dependent children comes down. Young workers are assumed to...

UPA-II leadership is seen struggling with both food act and the achievement of its ministers. Numbers don’t add up Political leadership of the Congress party will take a final call on the number of people eligible to receive subsidised food-grain under the proposed national food security law. While a preliminary report of the Suresh Tendulkar Committee puts the number at 372 million, the government’s official estimates say it is only...