Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...

NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...

Two elders of nearby villages, with experience of a panchayat election, were among those who cast their vote today for the state’s first-ever rural polls, united in their scepticism, but hopeful that the chosen ones would deliver on their one and only need: water. Saiba Tuddu (62) of Debanki village of Potka block in East Singhbhum wants to elect a mukhiya who will pay attention to their problem, helping him erase...

Soon after the monsoon was over, rains made unseasonal comeback in Nashik and nearby areas again on Diwali day. As days passed, the initial surprise turned into shock as it rained night after night, and by Sunday it had rained 525mm in November. Heavy showers and thunderstorms all over the district damaged the crops so much that nothing of the rabi (winter) crop remains. Vineyards have thrown away young berries at...

The rural poor in Andhra Pradesh, a State showcased as a model for SHG-bank linkage, are caught in the vortex of microfinance. WITHIN a decade of their coming into operation, microfinance institutions (MFIs) have dealt a serious blow to the economy and the well-being of thousands of families in rural Andhra Pradesh. Harassment by their collection agents has allegedly driven at least 60 borrowers to death, and the number is...