The irrationality and waste in energy subsidies in India has been a perennial theme in analysis of the Indian economy and in reform prescriptions. Progress has, however, turned out to be elusive in the face of ground realities and feasible politics.  The power ministry, after struggling for over a decade through repeated exhortations, had the satisfaction of getting a resolution in a Chief Ministers Conference in 2001 that free supply of...

-The Indian Express   Pranab Mukherjee should use his waking hours to signal bold reforms Until a few years ago no one really thought that governments could go bust. But the deepening sovereign debt crises of Europe have now persuaded us that governments can go bust if their debt levels cross a certain danger mark. What is that danger mark remains a matter of research by economists around the world. Some studies have concluded...

Last month, the turmeric farmers of Maharashtra's Sangli district found themselves in a desperate situation. Oversupply had resulted in prices crashing in the local turmeric market, Asia's biggest, threatening their livelihood. And with several thousands growing the commodity across Maharashtra, Andhra Pradesh and Tamil Nadu, any meaningful strategy to halt the price crash meant involving a sizeable number of farmers.  That's when local farmer Atul Salunkhe, 31, had a brainwave. How...

The Madhya Pradesh government beefs up its saffron agenda with a “draconian” law. “IT is a contest between the two. The holy by-lanes of old Bhopal, which houses two of the largest mosques in Asia, the Taj-ul-Masjid and the Jama Masjid, were under attack from the holy cow,” said an activist of the Akhil Bharatiya Vidyarthi Parishad (ABVP), in a tone which he thought was in good humour, when asked about...

Handloom weavers in Andhra Pradesh are in a crisis brought on by policy blindness and the emphasis on powerlooms. WHEN P. Pulliah, a weaver in the traditional cotton handloom centre of Chirala in Prakasam district of Andhra Pradesh, describes the sarees he crafts, thread by delicate thread, his face lights up with joy. He animatedly explains that the sarees have a border on both sides. And they are fully embellished, he...