Is Bihar on steroids, boosted by an excessive stimulus of dramatically higher public outlays than ever in the past? Like all stimulus, does it also bear the danger of slumping back when it is withdrawn? Is the widely acclaimed growth turnaround a durable and sustainable one? These are among the many issues, which are currently being debated. But first the facts. Bihar is the best turnaround story that the country has seen...

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...

Fiscal slowdown has not affected India much  Forecasting a brighter future for the country’s economy by 2009-10 end, C. Rangarajan, Chairman, Economic Advisory Council to Prime Minister, said that if a consistent growth of four per cent in agriculture and nine per cent in the industrial and services sectors were maintained over the next two decades, it would propel India into the comity of developed nations. In a talk on...

Prime Minister Manmohan Singh today said the economic reforms initiated by him almost two decades ago had reduced the number of poor, though much more was still needed to be done. “There is no evidence that the new economic policies have had an adverse effect on the poor,” Singh said at the annual conference of the Indian Economic Association here today. “The percentage of population below the poverty line has certainly not...