Harvard and other major American universities are working through British hedge funds and European financial speculators to buy or lease vast areas of African farmland in deals, some of which may force many thousands of people off their land, according to a new study. Researchers say foreign investors are profiting from "land grabs" that often fail to deliver the promised benefits of jobs and economic development, and can lead to environmental...

-PTI   A cost-benefit evaluation of the Unique Identification Project (UID) is necessary, considering difficulties in implementation and scope for misuse afterwards, a working paper (WP) by a professor at the Indian Institute of Management says. "There had been serious debates in countries like Australia, Canada and UK about the viability national identity policy, given that the chances of misuse of data in a centralised system increase by leaps and bounds," the WP...

Last week, a group of 40 economists wrote an open letter to United Progressive Alliance (UPA) chairperson Sonia Gandhi arguing for cash transfer as a mode of delivery for the proposed National Food Security Act (NFSA). The letter was carried in detail in several newspapers including Mint. The good thing is that there is now almost a consensus, at least among economists, that whatever be the mode of delivery of subsidy,...

The dun wheat field spreading out at Ravi P. Singh's feet offered a possible clue to human destiny. Baked by a desert sun and deliberately starved of water, the plants were parched and nearly dead. Dr. Singh, a wheat breeder, grabbed seed heads that should have been plump with the staff of life. His practiced fingers found empty husks. “You're not going to feed the people with that,” he said. But then, over...

Development has a multiplier effect in terms of employm-ent, secondary activity and revenue to state, while delay entails loss for everybody. Tolstoy’s famous question, “How much land does a man require?” was answered when the Count who had ruthlessly exploited his serfs was buried in a grave measuring 7x4x4 feet. And that, Tolstoy concluded, was all the land a man requires. Is corporate and infrastructural greed in India today destroying the small,...