Madvi Madka owns 4ha of land in Chingavaram in the Sukum block in central India. The district in which the block is located has become infamous after 6 April, killing of 76 policemen by the Maoists. This is the ground zero of the war between the Indian state and the Maoists, and Madka, who owns 4ha of land—often left fallow because there wasn’t enough water for irrigation—here used to make...

Around two decades ago, Lawrence Summers, then World Bank chief economist, outraged many when he argued in an internal memo that the economic logic behind dumping toxic waste in low-wage countries was “impeccable”. His rationale: less developed countries are “under-polluted” and that “foregone earnings from increased morbidity and mortality” would be lesser in countries with lower wages. Cut to now and the thing to ask is: does India too believe...

PUDUCHERRY: The National Bank for Agriculture and Rural Development has agreed to extend loan to the territorial administration for constructing additional classrooms and laboratories in government schools. In the near future, 559 classrooms would be constructed in the Union Territory, Chief Minister V. Vaithilingam told the Assembly on Thursday. Replying to the debate on the demands for grants to School Education, the Chief Minister said the bank had consented to extend a...

As the nation debates the National Food Security Act (NFSA) and its implications on food security for the country, it is pertinent to pause for a moment and ponder some of the structural reasons for the mismanagement of the food economy of the country. Forget the past or the future or even the present set of policies being pursued. The UPA-II is pushing the nation inexorably towards a regime of...

Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...