The economy shows consistent signs of growth. The challenge in the new year is to make development more equitable and broad-based… 2010 was a year of relief that soon grew into despondency. We were relieved that India had pulled out of the deepest post-War recession relatively unscathed. The soundness of its cautious macro-economic management was underlined once again and the US economy is also looking like getting slowly back on...

High cotton prices spun out enough problems for India’s $62 billion textiles industry, but weaved gains for growers and traders in 2010. Amid pulls and pressures from the conflicting interests, a ministers’ group under the guidance of finance minister Pranab Mukherjee kept reviewing the price and crop situation, with excessive winter rains playing spoilsport. The textiles industry pulled out all stops to lobby with the textiles, commerce and finance ministries seeking a...

The food bowl of the country figures pathetically low on hunger index — a statistical tool to measure the state of countries' hunger situation. Punjab lies below 33 other developing countries ranked by Global Hunger Index . Based on a publication by International Food Policy Research Institute (IFPRI), Washington, it was concluded that there is no link between economic progress and hunger. The IFPRI report was presented at the ongoing 93rd annual...

Food prices globally are rising to dangerous levels. There is talk of a coming crisis, like the ones that produced riots around the world in 2008 and 1974. Many of the ingredients of a disaster are present, but governments can stop the problem before it causes too much damage. A warning sign is the price of traded staples like wheat, corn and rice. Prices shot up in 2010, soaring 26...

Proposed asbestos project could lead to a ‘Turner & Newall' epidemic There is a spectre over the verdant fields of Bihar's Muzaffarpur district, hitherto suppressed by the clamour and euphoria of Chief Minister Nitish Kumar's massive electoral mandate. Its cause is asbestos — the magic mineral, paradoxically known by its more sinister monikers of the “killer dust” and “the silent time-bomb.” In November last, the Kolkata-headquartered Balmukund Cement & Roofing Ltd. (BCRL) proposed...