A couple of years ago a colleague came into my office with what he thought was a definite typographic error: “It says that India won only three medals in the Olympics; that cannot be right — there is a billion people in India.” I had to break it to him that this was actually the most medals India ever won in a single Olympic game. India has an average of...

THE government seems to be considering a new system to replace the present system of targeted public distribution system (TPDS) with food coupons or direct cash transfer. The ills that plague the present TPDS are well-known and well-documented. The two national surveys, one by Programme Evaluation Organisation of the Planning Commission and the other by ORG-Marg, both at the instance of the Union government, have identified the major problem areas...

A good wheat crop this season is likely to ease the near double digit inflation in the next 2-3 months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today. "This season very good harvest (wheat) is coming in. There is ample stock of foodgrain in the country. So the inflation psychology would be broken," Ahluwalia told reporters here. The wholesale price index (WPI) is currently nearing the double-digit mark, with the March-end...

Communist and opposition parties in India are holding nationwide protests against rising food and fuel prices. The Communist-governed states of West Bengal, Tripura and Kerala are likely to be worst hit by the 12-hour strike called by the parties. Air and train services have been disrupted in West Bengal, and attendance in offices across the states is reported to be patchy. Food prices in India have risen by as much as...

The growth rate of agriculture was three per cent and that of manufacturing was 4.5 per cent during the first three decades after independence. The growth rate for agriculture has slipped to 2.8 per cent while that for manufacturing has increased to 6.4 per cent during the last 15 years. Farmers continue to commit suicides across the country. The groundwater level is declining. The country has to import wheat, edible...