Environment minister Jairam Ramesh today said the use of sports utility vehicles and BMWs in India was “criminal” and called for changes in diesel pricing to discourage people from riding fuel-guzzlers. He said India’s SUV market was growing on subsidised diesel, the owners benefiting from the subsidies intended mainly to help farmers. “The growth of large-size vehicles like SUVs is a growth of concern.... The use of vehicles such as SUVs and...

The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...

Could India's mock war on poverty ever turn real? India became independent 63 years ago. Since Independence the country has implemented 10 Five Year Plans and a few Annual Plans. Currently the 11th Plan is being executed. Efforts made during the last six decades have resulted in the modernisation of a stagnant economy and India's emergence as a major industrial power. This period also witnessed remarkable progress in agricultural production. But India...

The Director-General of the U.N. Food and Agriculture Organisation, Dr. Jacques Diouf, announced at the Inter-Governmental Committee on World Food Security (CFS) that the combination of global food crisis and economic recession had taken the number of people affected across the world to over one billion. He described the number as “unacceptably high,” higher than in 1996 when the heads of states and governments committed themselves to reducing hunger by...

A meticulous study of the agrarian relations in three villages. ONE of our senior sociologists once drew my attention to the distinction between economics and other social sciences. Other social sciences – sociology and anthropology, for instance – he said, pay a great deal of attention to gathering primary data and interpreting them, whereas economics relies on secondary data for its analysis. This is, to a large extent, a fair...