When noted economist Jean Dreze visited Surguja in Chhattisgarh a decade ago, its utterly non-functional Public Distribution System (PDS) looked like especially “designed to fail.” The National Advisory Committee member has written in a recent article that the ration shop owners illegally sold the grain meant for the poor and “hunger haunted the land.” But that was then. The economist was pleasantly shocked to see the transformation this time. “Ten years...

The Yamuna may be in spate near Delhi, states like Punjab, Haryana, Gujarat, Kerala and Tamil Nadu may be soaked wet and the Mithi river -- the lifeline of Mumbai -- could be flowing at the brim, but for people in the East and Northeast India the thirst for rain prolongs. They wait for the rain gods to smile upon them. Overall, this is one of the best monsoon India has...

It's a Rs 50,000 crore annual business but those at the bottom of the supply chain -- mostly tribals -- make a mere Rs 4,000 crore out of it. The extraction of non-timber forest produce -- tuburs, leaves, seeds, plants and roots, besides other products from forest -- could soon become a bigger money-spinner for tribals. The government has set up a committee, which in three months will recommend how...

Tight money policy means more capital inflows: ADB Lower middle class worst affected by inflation Infrastructure development, farm productivity can help With the Wholesale Price Index (WPI)-based overall inflation still hovering at around 10 per cent, the Asian Development Bank (ADB) on Thursday said that it was likely to scale up its inflation forecast for India by the end of September. Speaking to the media after the launch of the ADB's flagship annual statistical...

One of the most intriguing features of India's agrarian economy in recent years is the persistence of agrarian distress in many regions, even while agricultural credit flow has risen sharply. Rising flow of credit to agriculture is normally associated with buoyancy in the farm sector. A closer look at the data on agricultural credit reveals that what is termed agricultural credit may have very little to do with agriculture, the...