The new draft National Water Policy (NWP) circulated by the Ministry of Water Resources to water experts suggests that the government is poised to withdraw from its responsibilities of water service delivery, and that multinational corporations and financial institutions might have too big a say in water allocation and policy. At first glance, it appears as if the policy takes a holistic approach to water resources management, with a clear recognition...

The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...

Handloom weavers in Andhra Pradesh are in a crisis brought on by policy blindness and the emphasis on powerlooms. WHEN P. Pulliah, a weaver in the traditional cotton handloom centre of Chirala in Prakasam district of Andhra Pradesh, describes the sarees he crafts, thread by delicate thread, his face lights up with joy. He animatedly explains that the sarees have a border on both sides. And they are fully embellished, he...

The fertiliser ministry may seek more funds from the finance ministry to meet its subsidy obligations as it needs more than the allocated amount to take care of the rising subsidy bill, a top official said.  "We have already received 17,700 crore in addition to the budgetary allocation of around 50,000 crore. But we still need more funds, and the amount will be finalised in consultation with the finance ministry," said...

-The Business Standard Govt policy is warping farm output mix The crop output estimates for 2011-12 put out by Krishi Bhawan last week – even while projecting a record foodgrain output that would cross the 250 million-tonne mark for the first time – reveal some worrisome inter-commodity imbalances as well. The harvests of wheat and rice – both of which are facing the prospect of a glut with the official grain coffers...