Faced with soaring food prices for the second time in three years, senior United Nations experts today called for greater investment in agriculture from both the public and private sectors to increase smallholder productivity.   “Policy-related solutions are also required to increase the longer-term resilience of global agriculture to allow greater levels of supply to markets as demand grows,” UN Food and Agriculture Organization (FAO) Senior Economist Jamie Morrison told a meeting...

You see those hills?” Jamshed Kanga, an illustrious IAS officer, then divisional commissioner, Pune, asked the noted development economist John Lewis who was visiting him in 1972, pointing to the barren Sahyadri range behind his office. “I will break every one of those if necessary, but will not let a single person starve.” It was the worst drought in the history of independent India, with a monsoon deficit of 25%...

Unlike the educated elite who go Westwards, attracted by better opportunities and a luxurious lifestyle, those who land up in West Asia as waged labourers have a much harder time: Practically no rights, hostile working environments and absolutely no support systems. Why is it that the violation of their basic rights doesn't figure at all in the national imagination? About the same time that India aired “absolute displeasure and concern” over...

Non availability of timely credit has been a major drawback for the agricultural sector of India. In a country which relies mostly on agriculture, constant endeavors are needed to see that rural and agricultural credit facilities are enhanced with time. As a part of these efforts, agricultural credit cards got introduced in the agricultural lending system. Similarly cash credit facility was also being offered by many banks. However, a major shortfall...

The government put out a promised new price index on Friday that will capture changes in prices of goods and services sold at the retail level, helping the government and the central bank get a better grip on policy tools while tackling inflation. Central banks world over rely on retail prices while framing monetary policy, but the Reserve Bank of India has had to consider mostly the wholesale price index...