Rising corn prices in the United States brought about by bioFuel mandates have cost developing countries 6.6 billion dollars over the past six years, says a study by Global Development And Environment Institute at Tufts University (GDAE).  Net Food Importing Developing Countries, among the most vulnerable to food price increases, incurred ethanol-related costs of $2.1 billion, the study concludes. (See highlights and the links below). The recent spike in world food prices...

-The Business Standard The government needs to be braver with cash transfers On October 20, Prime Minister Manmohan Singh is scheduled to launch the first major step in integrating the Unique ID, or Aadhaar, with government welfare schemes. The event is supposed to take place in Dudu, a town in Jaipur district in Congress-ruled Rajasthan. The presence of Congress President Sonia Gandhi also seems to suggest that the United Progressive Alliance...

-The Hindu Makes clear that 17 safety measures are additional, not a condition precedent Attorney General G.E. Vahanvati asserted in the Supreme Court on Tuesday that the Kudankulam Nuclear Power Plant was absolutely safe and all apprehensions on safety of the plant were completely baseless. Making this submission before a Bench of Justices K.S. Radhakrishnan and Dipak Misra, Mr. Vahanvati also made it clear that it was not a condition precedent that all...

-The Times of India The government is set to step up its push for cash transfer of subsidies and adopt it as a policy doctrine in the run-up to elections, with two pilot projects validating the assumption that it would lead to significant savings for the government while enhancing benefits for users. A pilot project for cooking gas in Mysore run by state-run oil companies saw the number of connections dropping 40%...

-The Economist A new form of radical centrist politics is needed to tackle inequality without hurting economic growth BY THE end of the 19th century, the first age of globalisation and a spate of new inventions had transformed the world economy. But the “Gilded Age” was also a famously unequal one, with America’s robber barons and Europe’s “Downton Abbey” classes amassing huge wealth: the concept of “conspicuous consumption” dates back to 1899....