HETA, India – At the entrance to this village in India’s eastern state of Jharkhand, a large pond glistened under the bright autumn sun. Yellow and blue lilies surrounded it. A tailor was stitching clothes outside his shop while a few boys nearby were playing carrom on the lid of a rusted oil barrel. It was a tranquil, rustic setting – a candidate for a landscape painting, it seemed. But it...
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Matching a measure to its meaning by Ashima Goyal
Statistics can abet illusions, unless properly understood and used. The debates on poverty line and budget deficits reflect a lack of understanding of the meaning and purpose of these measures. India has been recently witness to furious debates on measures of poverty and budget deficits. Any measure can be used only for the purpose it is designed for. The debates in the present cases were furious, because preconceptions and emotions were...
More »Urea price decontrol: Small farmers will suffer the most, says T Haque, Former Chairman, CACP
-The Economic Times Decontrol of urea is likely to affect agricultural production adversely for several reasons. First, it will immediately push up prices of all nitrogenous fertilisers and reduce their usage, thereby lowering crop yields. Second, it may also lead to increase in the prices of DAP and other mixed fertilisers due to shift in demand in their favour. Urea decontrol may not result in more balanced use of N, P and...
More »Growing Food Demand Strains Energy, Water Supplies-Jeff Smith
The northern region of Gujarat State in western India is semi-arid and prone to droughts, receiving almost all of its rain during the monsoon season between June and September. But for the past three decades, many crop and dairy farms have remained green—even during the dry season. That's because farmers have invested in wells and pumps, using massive amounts of electricity to extract water from deep aquifers. The government has artificially propped...
More »It’s the executive’s job to fix fuel prices, not court’s: Supreme Court
-The Times of India The Supreme Court on Monday said pricing of petrol and diesel determined by a complex mechanism fell exclusively within executive's policy domain and refused to entertain a public interest litigation demanding rollback of repeated sharp hikes in motor fuel prices. Ex-MP P C Thomas had filed the appeal in the apex court challenging a Kerala high court's decision to dismiss his PIL questioning "irrational and hypothetical fixation of...
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