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A futures shock from FCI-Devinder Sharma

-The Business Standard Turning the country's food procurement agency into an international trader will fan inflation and hunger At a time when the Global Hunger Index 2012 ranks India 65th among 79 countries, K V Thomas, minister of state for food and public distribution and consumer affairs, has revealed that the Food Corporation of India (FCI) will soon trade wheat in the futures market. Seeking clearance from the Forward Markets Commission, the...

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As weather patterns get unpredictable, nations must start budgeting for natural disasters

-The Economic Times It's extreme weather season in Asia again. Deadly cyclones, blinding rain, floods and mudslides are becoming the norm from Nepal to Fiji. The world's policymakers must reflect on extreme weather patterns while budgeting their nations' finances. In Thailand last year's floods caused losses of $46.5 billion. Reconstruction costs will reach at least $50 billion, according to the government and UN's assessments. In Pakistan widespread flooding two years ago affected 20...

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Grounds for hope -Venkitesh Ramakrishnan

-Frontline After the year-long Jansamvad Yatra and Jansatyagraha, the Ekta Parishad has a written commitment from the Rural Development Ministry to advance land reforms.  Celebration and caution. These sentiments dominated the deliberations of senior activists of the Ekta Parishad as they gathered at Delhi’s Gandhi Peace Foundation office on October 18, one week after the organisation and the Union government had signed a 10-point agreement to advance land reforms. The agreement had...

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The roots of poverty: Ruinous healthcare costs-Anirudh Krishna

-Live Mint While natural disasters grab our attention, everyday events like illness drag most people into poverty  In a small town of Gujarat, I met Chandibai, a woman, about 50 years of age. Fifteen years previously, her husband, Gokalji, had owned a general-purpose shop in the town centre. The family also owned a house and some agricultural land. In 1989, Gokalji developed an illness that confined him to bed, sometimes at home...

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'Free electricity for farmers is hurting development, not helping it– including farmers themselves'-Lalit Jalan

-The Economic Times There has been a change of guard at the power ministry and Jyotiraditya Scindia, the new man in charge, has described his task as daunting. To simplify the many complexities, it's worth keeping in mind an adage that's particularly apt for rural India: Nothing is more expensive than no power. While on one hand there are thousands of villages that still remain to be electrified, on the other even...

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