The quarterly Survey of Professional Forecasters conducted by the Reserve Bank of India (RBI) revised India's gross domestic product growth downwards to 6 per cent for 2009-10 from 6.5 per cent in the previous round of the survey. However, the survey has estimated that corporate profits are set to rise in the current fiscal. According to the RBI, the highest probability of 37.5 per cent is assigned to growth range...

One billion hungry people, the largest such cluster in history, are depending on another one billion to donate small amounts of cash to find food. The World Food Programme, facing a funding shortfall with donor governments hit by the financial crisis, has issued its first direct appeal to one billion individuals to stump up what they can to help others beat hunger. Josette Sheeran, head of the UN food aid...

Government policies in many developing countries which promote the planting of a narrow base of agricultural crops may hurt farmers in the long run, a United Nations human rights expert warned today. As a result of the global food crisis, developing countries “have massively reinvested in agriculture and have sought to provide farmers with the means of production they need to produce food,” Olivier de Schutter, the Special Rapporteur on...

In Maharashtra, where issues hurl themselves at you, the Opposition failed to mount a strong campaign on a single one of them. The front rows of the Mumbai-Nagpur flight are usually the province of the political class: MLAs to MPs, ministers and fixers. This time, though, quite a few of the occupants were celebrities: television and film stars, major and minor, middling and mediocre. It wasn’t the T-20 cricket match in...

The recession is a promising moment to expand NREGA with greater emphasis on building social capital in a big way.  Soon after assuming office, the first UPA government took an impressive step for the alleviation of rural poverty by launching the National Rural Employment Guarantee Scheme. It was, indeed, a wise move to insulate the programme from the vicissitudes of electoral politics by enacting the National Rural Employment Guarantee Act...