Madvi Madka owns 4ha of land in Chingavaram in the Sukum block in central India. The district in which the block is located has become infamous after 6 April, killing of 76 policemen by the Maoists. This is the ground zero of the war between the Indian state and the Maoists, and Madka, who owns 4ha of land—often left fallow because there wasn’t enough water for irrigation—here used to make...

The new joke on Dalal street is that gold prices are soaring, not because of increased demand in the US, India and China, but because Shilpa Shetty has bought half the gold in India for her wedding dress! Jokes apart, the yellow metal has hit headlines recently because of its spectacular rise. Prices have spiked as investors now prefer gold to the weakening US dollar. The US economy has lurched...

For about a week after the Dubai crisis broke, international financial markets chose to ignore it. Stock-markets climbed, commodity prices rose and the dollar continued to be beaten down. It is not too difficult to explain this initial indifference. For one, the magnitude of the Dubai crisis appeared piffling, at first glance, compared to the “subprime” crisis or the meltdown following “Lehman’s bust”. When global banks had run up losses...

Nearly 37,000 expatriate Keralites have already lost their jobs due to recession. How do you plan to combat the effect of the latest Dubai crisis on Gulf NRIs? This is not going to be on any scale as with Kuwait during the Gulf War. But nevertheless, it is a matter of serious concern. It is better to be prepared than underprepared. We are planning two schemes. One, we are constituting...

The new railway tracks announced on social demand but which are economically unviable and may get delayed due to Fund Crunch may be funded through NREGA. Railways, which is facing a Fund Crunch and is struggling to check cost escalation, has also asked state governments to pitch in at least 50% of the project cost from their kitty by raising it through a cess or any other means. According to...