Accelerating the process of framing a National Food Security Bill, Prime Minister Manmohan Singh on Tuesday convened a high-level meeting with his senior Cabinet colleagues to discuss aspects of the Bill and the recommendations made by the National Advisory Council (NAC).At the centre of the discussions was a letter written by NAC chairperson Sonia Gandhi to the Prime Minister on merging the Rural Development Ministry's exercise for identification of the...

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,...

Some 350 million people living in rural areas being lifted out of extreme poverty in the past decade, according to The Rural Poverty Report, published by the International Fund for Agricultural Development (IFAD), a United Nations (UN) agency. However, in spite of this, more than a billion people around the world still continue to suffer. The UN describes extreme poverty as living on less than $1.25 (80p) a day. But factors such as...

After widespread dissatisfaction about the lack of transparency and oversight in critical judicial appointments, there are now signs that the government is trying to figure out how to roll back the collegium system by which judges select their own with no external inputs. The Supreme Court’s collegium, which is made up of the Chief Justice of India and four other senior judges, recommends appointments to the court after a mandatory...

International prices of most agricultural commodities are on the rise again. Prices of major food crops have increased disconcertingly, with wheat, rice, maize and soybean registering double-digit increases between June and October. Wheat prices increased alarmingly by more than 71%, while maize recorded a more than 50% spike. The Food Price Index released by the Food and Agriculture Organization (FAO), the most widely accepted barometer for food prices, also painted...