Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the food price inflation would come down by the end of the current fiscal. "Food price inflation by the end of the current fiscal would be significantly lower than what it is right now," Ahluwalia said while speaking at the India Economic Summit here. Citing the reason for high food inflation, he said, at the end of a bad monsoon, particularly...

Sugar, to mix one’s metaphors, is heading for a perfect storm. And this is being made because of our own policies. By the year-end, retail prices of sugar in Delhi and Mumbai may cross the Rs 40 per kg barrier — an almost 150 per cent increase in less than 15 months. And no, you can’t blame climate change or monsoon failures for this. So, what triggered the sugar crisis? In...

The recession is a promising moment to expand NREGA with greater emphasis on building social capital in a big way.  Soon after assuming office, the first UPA government took an impressive step for the alleviation of rural poverty by launching the National Rural Employment Guarantee Scheme. It was, indeed, a wise move to insulate the programme from the vicissitudes of electoral politics by enacting the National Rural Employment Guarantee Act...

Social audit of rural jobs scheme promises to empower people Social audit of rural jobs scheme promises to empower people with information about how they are being denied the benefits of the schemes meant for them. Something comes between entitlements and beneficiaries when it comes to social sector schemes. It is not necessarily corruption or greed of the providers. It is the ignorance of the beneficiaries. If one were to drive through villages...

India has suffered its worst drought since 1972, the official weather office said on Wednesday, with rains 23% below average at the end of the country's four-month monsoon season. "India's 2009 monsoon rainfall has been the worst since 1972," said a spokesperson for the Meteorological Department, P K Bandhopadhyay. In 1972, monsoon rainfall was 24 percent below average, he said, while other bad years such as 2002, 1987 and 1979...