The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...

-ENS Economic Bureau   Estimates on black money stashed away by Indians is still very much a grey area. So when the CBI Director emphatically declared on Monday that $500 billion of illegal money belonging to Indians was deposited in tax havens abroad, the figure caused more than a mild flutter.   Mainly because the information currently available on the black money economy is way too disparate and vague. Considering the available evidence, the...

Rural women entrepreneurs in Rajasthan produce a nutritious food supplement as take home rations for pregnant mothers and underfed infants   There is very little that distinguishes the hamlet of Madri from the innumerable others that dot southern Rajasthan. This is a region where the Aravallis make their presence felt in gnarled hillocks, where water is scarce and where the land yields its harvests grudgingly. People here, including toddlers, know well the edge...

-AFP   A French court on Monday found US agro giant Monsanto legally responsible for the poisoning of a farmer with one of its herbicides in 2004, in a verdict that could have global implications.  "Monsanto is responsible for Paul Francois's suffering after he inhaled the Lasso product ... and must entirely compensate him," said the judgement from the court in the southeastern city of Lyon.  "This concerns farmers around the world," said the...

The government’s draft report on black money — that has been circulated to members of the high level committee on black money for final comments — confirms that details of the HSBC accounts in Geneva have given the country its biggest black money trail. Citing this as an instance where the government has moved fast in tracing the coded account holders, the report states that the receipt resulted in information...