In India peasantry is under assault. There is a five-pronged attack on this class and the mighty Indian state is sometimes an active and sometimes a passive abettor. The first point of attack is from the corporate sector. The corporate sector is in a land grab mode. Though not justified, one could understand their urge to get land for industry and real estate purposes. Not that they are causing aggressive...

India should look at Latin American countries to keep its food security intact. With little or no investment in the agriculture sector,it is estimated that 45% of Indian farmers want to quit farming—supply-side constraints have been a major causeforconcern. Add to that rapidly falling water tables in North India – India’s bread basket, and erratic monsoons from climate change leading to domestic food output falling short of demand, repeatedlyinthefuture. Talking...

A businessman I know was approached by representatives of a leading Indian national newspaper and offered a deal: Give us a stake in your company, and we’ll give you advertising space and favorable editorial coverage. A publisher told me that she received a similar proposition: Pay us, and we’ll interview your authors and write features about them. Sushma Swaraj, the parliamentary leader of the Bharatiya Janata Party, has said that...

Wheat prices started showing a downward movement today after an Empowered Group of Ministers (EGoM) headed by FM Pranab Mukherjee okayed the release of an additional 30 lakh tonnes of wheat and rice for the poor, over and above the current PDS allocation, for the next six months. The most-active wheat contract was reportedly trading around 0.60% lower at Rs 1,158.40/qtl on the back of fresh selling in anticipation of...

A UN expert body on Thursday said surge in food prices in India is a matter of concern, but retail price inflation will cool down to 7.5% this year from around 12% last year. The UN Economic Social Commission for Asia and Pacific (Escap) also projected the economy to grow by 8.3% in 2010-11, compared to estimated 7.2% last fiscal, fueled by the recovery in investment and private consumption. “In India, consumer...