A solution to the pulses and edible oils crisis is entirely within reach.  The state of India’s food security is worsening by the year. The cost of food items is increasing rapidly, making them unaffordable to a majority of the people. Added to these woes is the short supply of pulses and edible oils, which forces the Central government to import them. Pulses play a critical role in the diet of...

In 2010, subject to government approvals, Indian farmers will seed their fields with transgenic brinjals—brinjals with a genetic variant that, courtesy Monsanty-Mahyco Ltd and a clutch of agricultural universities, protect them from insects. But 14 years ago, Polumetla Ananda Kumar successfully planted the first Indian transgenic brinjals in a field in west Delhi. Then he promptly burnt the entire crop to the ground. Kumar, head of the National Plant Biotechnology Centre at...

The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...

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...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline...