The economic resolution adopted by the All India Congress Committee at the Burari session is a reiteration of the party’s last two election manifestos. It combines a commitment to rapid economic growth with that to redistributive policies that would help make the growth process socially inclusive. There is a helpful explanation of the three sources of inflation — excess demand, improved prices to farmers and global commodity price inflation —...

A lack of toilets and poor hygiene practices in India cost Asia's third largest economy almost $54 billion every year, the World Bank said on Monday. Premature deaths, treatment for the sick, wasted time and Productivity, as well as lost tourism revenues, are the main reasons for the high economic losses, the bank said in a report. "For decades, we have been aware of the significant impacts of inadequate sanitation in India,"...

The government on Tuesday said wheat production will touch a record 82 million tonnes in the current rabi season despite “some damage” to the crop in unprecedented rains this year. “We are targeting 82 million tonnes of wheat production for the current season. I admit there is some damage due to rains, but Productivity has also increased at the same time. Hence, there will be no impact on overall production,” Agriculture...

FAO has warned that 2011 may witness a global food crisis. Proactive action is needed to meet the challenge of price volatility, chronic hunger, agrarian despair and climate change. The Food and Agriculture Organisation of the United Nations (FAO) has alerted developing countries about possible steep rises in food prices during 2011, if steps are not taken immediately to increase significantly the production of major food crops. According to FAO, “with...

A direct outcome of the global economic crisis has been a decline in the rate of growth of wages across the world, barring Asia and Latin America. A study by the International Labour Organisation, Global Wage Report 2010-11: Wage policies in times of crisis, highlights this reality and points to the need for countries to put in place proper social and labour market policies to protect an increasingly vulnerable workforce....