One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

-Down to Earth The need of the hour is to put halt large hydel-power projects in the Himalayas. Can small hydropower plants offer a sustainable solution? Hydropower is a renewable and non-polluting source of energy. India has an economically exploitable and viable hydropower potential, which is estimated to be about 84,000 megawatt at 60 per cent load factor. It has an installed capacity of 148,701 MW, according to the National Hydroelectric Power...

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...

-PTI/ The Telegraph Family members claim it was an inflated one while the state-run power company says victim had never been billed since he had taken a borewell connection in 2010 Patna: A Bihar farmer who received an electricity bill for around Rs 50,000 in December and paid Rs 25,000 after taking loans hanged himself on Thursday after power officials insisted on full payment, his family said. Family members of 48-year-old Dinesh Singh...

-The Indian Express Centre must make transparent efforts to push exports consistently and not follow the stop-go policy emanating from price controls for the Indian consumer market. The flashpoint between the agitating farmers and the central government is essentially rooted in the mismatch between the supply and demand for the wheat crop in India. The genesis of the current state of affairs stems from policies initiated over half a century ago when...