Drought impacted agricultural production but not farm incomes.  The year 2009-10 was supposedly a bad year for Indian agriculture, given the worst ever monsoon since 1972. This is partly reflected in the 0.2 per cent growth registered by the farm sector (inclusive of forestry and fishing) in real terms, as per the Central Statistical Organisation's latest revised estimates of gross domestic product (GDP) for last fiscal. The virtual stagnation in agricultural output...

In India peasantry is under assault. There is a five-pronged attack on this class and the mighty Indian state is sometimes an active and sometimes a passive abettor. The first point of attack is from the corporate sector. The corporate sector is in a land grab mode. Though not justified, one could understand their urge to get land for industry and real estate purposes. Not that they are causing aggressive...

The following piece was written for the UNIDO’s General Conference that took place in Vienna this month but could not be carried by any of the international papers because of a slight delay, although some feel its contents may not be ideologically palatable to them. Hence it is being carried here for the benefit of our readers. —Editor A highly positive sum game awaits the community of nations if an internationally...

Recently there has been considerable media discussion about the issue of rise in prices of essential commodities and the problem of food inflation. In a country like India, where the cost of food forms major part of the monthly or daily expenditure incurred by an average family, this is a debate which acquires poignant significance. This is a government that came into power based on a concern for and commitment...

The philosophy of self-aggrandisement defies social logic. Seven leading banks in the United States of America had last year incurred an aggregate loss of $82 billion; the chief executive officers of these banks nonetheless claimed and collected annual bonus to the extent of $38 billion. The economy might lie in ruins; that did not distract sharks from zooming in on their prey. Our corporate sector has shaped itself in the...