-The Economic Times   The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone.  But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...

Is the majority of India veg or non-veg? Well, contrary to impression, the land of Gandhi and Buddha is predominantly non-veg. It may well have been majority vegetarian country at some point of time but the new trend is that more and more people are taking to non-vegetarian diets. A new policy paper, “Veg or Non-Veg? India at the Crossroads,” published by Brighter Green, a New York-based public policy action...

Agriculture sector undergoes a historic change as livestock surpasses the economy of food grain Policy makers in India are finally acknowledging a structural shift in the agriculture sector they have been noticing for a decade. Economic contribution of livestock is today more than that of food grain crops. Traditionally, of the three components of the sector—crops, livestock and fisheries—crops drove the growth, and food grains are a major part of it....

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...

Some time ago, newspapers in Britain carried full-page advertisements from the curiously named British Pig Association. This consortium of pig farmers was clamouring publicly that the supermarket chains were squeezing the farmers dry. Alongside them, Britain’s dairy farmers complained that a supermarket cartel was paring down their prices, while production costs went up and up. These farmers too have powerful lobbies; they are still in business. To this end, Britain, like...