The employment guarantee scheme has resulted in a big spurt in not only wages but also household income in the rural areas, an analysis of the data since the beginning of the programme in 2006-07 show. While rural wages have risen 38% since 2006-07, household income saw a 74% increase in the four years up to 2009-10. This is despite the fact that just 13% of the 5 crore beneficiary families...
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Overcoming the Malthusian scourge by Jeffrey Sachs
Complexity and unsolved problems are at the very heart of the sustainability challenge, and at the very heart of M.S. Swaminathan's thinking and essays. In 1798, Thomas Robert Malthus offered the piercing insight that geometric population growth would inevitably outstrip food production, leaving society destitute and hungry. Since that time, our optimism of beating the “Malthusian curse” has waxed and waned. Few people in modern history have done more to help...
More »Wheat rises, food shares fall on Russia export ban
Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia. Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country’s railroad monopoly said on Friday it will stop loading...
More »Monsanto seeds - For good or evil?
Technology… the knack of so arranging the world that we don’t have to experience it — Max Frisch, Swiss novelist and playwright Why do MNCs excite extreme emotions in India ? If you take any one of them from banks to pharma and chemicals to defence and aerospace, they are all clubbed together with the “usual suspects” who do more harm than good despite all the good intentions they might have had....
More »Half of India’s population lives below the poverty line by Arun Kumar
According to a new Oxford University study, 55 percent of India’s population of 1.1 billion, or 645 million people, are living in poverty. Using a newly-developed index, the study found that about one-third of the world’s poor live in India. The Multidimensional Poverty Index (MPI) has been developed by the Oxford Poverty and Human Development Initiative and the United Nations Development Program (UNDP) as a more precise and comprehensive means of...
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