Economists often tell the story about the drunk, the coin and the lamp-post. A drunk is searching around a lamp-post for a coin. On being asked where he dropped it, he waves unsteadily in the darkness beyond reach of the lamp-post’s light. Why not look there? Because, he tells you, the light’s over here. The point, for economists, is that our approach to problems is frequently warped by what data...

The commerce department has urged policymakers to lift export curbs on all varieties of non-basmati rice, which will ensure parity in the treatment of rice producers across the country. Earlier this month, the government allowed export of 1.5 lakh tonnes of the premium varieties Sona Masoori, Ponni and Matta, all grown in the southern states of Kerala, Andhra Pradesh, Tamil Nadu and Karnataka. The department has communicated to the empowered...

While inflation has been hitting people hard across the country, the rate of price rise has been the most in Kerala, Orissa and Meghalaya, as per government data released today.     In all three states, the consumer price index (CPI) overall stood at 108 in January from a base of 100 in 2010, suggesting inflation of 8 per cent. Incidentally, even richer states like Maharashtra, Gujarat, Haryana, Delhi and Punjab reported a...

Food security scenario has been very grim in Orissa. It is getting grimmer day-by-day, thanks to the high Food Price Inflation on the one hand and climatic aberrations like droughts, floods or untimely rains on the other. These extremes hurt the State most, as it has the maximum poor populace in the country. Data details the enormity. Around 9 per cent households face grave food security in the State. The proportion...

Even as everyone is celebrating the bounce in the economy with a return to 8.5 per cent growth, the jury is out on the accuracy of the agricultural output numbers. The impressive 5.4 per cent agricultural growth rate number is suspect if one looks at recent trends in farm productivity and output. The agriculture ministry anticipates foodgrain output to grow by 6.4 per cent to 232 million tonnes in 2010-11....