Pawan Goenka noticed something unusual last year—tractor sales were climbing even though India had its worst monsoon in more than three decades and farm output dropped 2.8% in the three months to December last fiscal. The umbilical cord that tied rainfall patterns and tractor sales seemed to have been ruptured. The president of auto and tractor maker Mahindra and Mahindra Ltd offers an interesting explanation to this puzzle: growing labour shortages...

The government is planning a complete overhaul of the way the Power Sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...

Dr MS Swaminathan, NAC member and the father of India's green revolution talks to Rupashree Nanda on the food security legislation, the neglect in creating storage infrastructure and ideas like outsourcing food security issues. Rupashree Nanda: The main reason for the NAC climb down from the promised universal PDS to targeted PDS was the stated non - availability of foodgrains. Would you agree to that argument? Isn't there is not enough...

Corruption, No. 1 national security threat, is eating into the vitals of the state, enfeebling internal security and crimping foreign policy.  India confronts several pressing national security threats. But only one of them — political corruption — poses an existential threat to the state, which in reality has degenerated into a republic of mega-scandals. The pervasive misuse of public office for private gain is an evil, eating into the vitals...

Media-corporate links are structural. But journalists, certainly entrenched ones, can choose whether they wish to be stenographers or not. It was gratifying to have the head of India's most reputed business house confirm the existence of crony capitalism in the country. True, others have believed this for 20 years but it carries more weight when Ratan Tata says so. As he put it in a television interview with admirable candour: “Yes,...