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...

South Asia will be badly hit by declining crop yields stemming from climate change, a report by the International Food Policy Research Institute (Ifpri) has found ahead of a food security summit next month. Another study, released by the Food and Agricultural Organization on Thursday, also said that farm yields will be adversely affected by global warming. The Ifpri report—made public on Wednesday—analysed 32 crops and livestock commodities in 281...

Over 25 million more children will suffer from malnourishment by 2050 due to effects of climate change and India will be one of the worst affected in the Asian region, a report by the International Food Policy Research Institute said on Wednesday. However, the study finds that the scenario of lower yields, higher prices, and increased child malnutrition can be averted with $7 billion additional annual investments in rural development...

Displacement has become a leading source of discontent and impoverishment in India and many other developing countries. In the case of some vulnerable groups like tribals, it is perhaps the leading source of poverty and discontent resulting in widespread violence in several places. Thus policies which promote large-scale displacement not only increase poverty, these are also a threat to peace and democracy. Unfortunately it has been taken for granted by many...

India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...