-The Indian Express   Pranab Mukherjee should use his waking hours to signal bold reforms Until a few years ago no one really thought that governments could go bust. But the deepening sovereign debt crises of Europe have now persuaded us that governments can go bust if their debt levels cross a certain danger mark. What is that danger mark remains a matter of research by economists around the world. Some studies have concluded...

Last month, the turmeric farmers of Maharashtra's Sangli district found themselves in a desperate situation. Oversupply had resulted in prices crashing in the local turmeric market, Asia's biggest, threatening their livelihood. And with several thousands growing the commodity across Maharashtra, Andhra Pradesh and Tamil Nadu, any meaningful strategy to halt the price crash meant involving a sizeable number of farmers.  That's when local farmer Atul Salunkhe, 31, had a brainwave. How...

India has been striving to achieve 4% growth rate in farm output since the beginning of Ninth Five-Year Plan. However, actual growth rate has remained invariably lower than the targeted growth rate. Further, agriculture witnessed a sharp slowdown during mid-1990s to the middle of the first decade of 21st century.  Annual growth rate in farm GDP declined to 2.4% a year during 1995-96 to 2004-05 from more than 3% in the...

Handloom weavers in Andhra Pradesh are in a crisis brought on by policy blindness and the emphasis on powerlooms. WHEN P. Pulliah, a weaver in the traditional cotton handloom centre of Chirala in Prakasam district of Andhra Pradesh, describes the sarees he crafts, thread by delicate thread, his face lights up with joy. He animatedly explains that the sarees have a border on both sides. And they are fully embellished, he...

It is getting harder for jobseekers to return to gainful employment and for new entrants to find adequate jobs, says the ILO. THERE is little in the International Labour Organisation's (ILO) annual projection of job growth to cheer about. The year 2012 has been described as a year of stark reality. A third of the global workforce is currently unemployed or poor; that is, 200 million members of the 3.3-billion-strong global...