After deliberating for well over seven months, the Union government has eventually evolved a scheme to extend the scope of the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) on individual land holdings with Rs. 1.5 lakh as the upper limit of expenditure. The Rural Development Ministry has prepared a draft guideline, detailing not only the works that could be taken up for implementation but also the conditions to govern the...

The high prices of essential commodities are expected to decline by the end of the rabi season in the next two months, Vijay Shankar Vyas, member of the Prime Minister’s Economic Advisory Council, said here on Tuesday. “Food inflation would come down by March-April as we are expecting a good rabi production this year,” Dr. Vyas told journalists on the sidelines of the launch of a publication on agriculture, Millions Fed,...

Has India's poorest and most lawless state turned the corner? If you believe the government of the northern state of Bihar, the answer appears to be in the affirmative. According to it, Bihar clocked up a giddy growth rate of 11.03% in 2008-2009. This would make it India's second fastest growing state economy, just behind the industrially-developed western state of Gujarat. Not so long ago, Bihar was written off as a...

Food prices have shot up by more than 20 per cent in the course of the past 12 months. A vast proportion of the nation is being battered by the price rise — the fixed income group, the working classes, landless peasantry and small farmers who have to buy at least a part of the grains they consume from the market. There is, however, no upheaval among the suffering people....

Replying to a question in the Rajya Sabha on farmers falling into a debt trap, the government came out with data that are startling. Rice farmers have suffered losses in all regions save Andhra Pradesh over three cropping years ending in 2006-07, with wheat farmers faring a little better. Even today, news reports suggest that farmers do not really gain much even as consumer prices go through the roof. This...