-The Hindu Providing people with a modest basic income instead of subsidies would save public revenue With oil prices falling, it was perhaps a good time to fade out fuel subsidies. All subsidies are inefficient and distortionary, and most are regressive. The same could be said of costly public works schemes as well. By contrast, the debate on direct benefit transfers has moved into a more sensible phase, with the posturing criticism of...

-Economic and Political Weekly   The runaway growth in states of subsidised solar pumps, which provide quality energy at near-zero marginal cost, can pose a bigger threat of groundwater over-exploitation than free power has done so far. The best way to meet this threat is by paying farmers to "grow" solar power as a remunerative cash crop. Doing so can reduce pressure on aquifers, cut the subsidy burden on electricity companies, reduce...

-IPS News SUNDARBANS: November is the cruelest month for landless families in the Indian Sundarbans, the largest single block of tidal mangrove forest in the world lying primarily in the eastern Indian state of West Bengal. There is little agricultural wage-work to be found, and the village moneylender's loan remains unpaid, its interest mounting. The paddy harvest is a month away, pushing rice prices to an annual high. For those like Namita Bera,...

-Business Standard Indian and other generic drug firms face prospect of US legislature debating compensation for undue price rises Indian generic drug makers might, if a proposed US law comes about, need to pay a rebate to the federal Medicaid programme there when prices of their medications outpace inflation. A Bill is to be introduced in the US Senate by a member, aimed to cushion the impact on taxpayers in this manner...

-The Hindu Business Line   Two young women's organic business helps small farmers salvage their soil and livelihood Kolkata schoolmates Avantika Jalan and Rashmi Sarkar run Mana Organics, a social enterprise that helps small farmers improve soil fertility through chemical-free methods and navigate the country's complex food supply chain. Organic produce from its two projects in Tinsukia, Assam, and three villages in Madhya Pradesh are sold in New Delhi and Kolkata. Early days Registered as...