India is today the world's largest importer of arms. These include fighter jet planes, missiles and radar systems for strategic partnerships and geo-political power. India is also investing in security and surveillance to combat foreign threats and resistance from its own people in places like the Kashmir valley, and the North East and tribal regions of Central India. This provides tremendous opportunity for multi-national corporations to sell and invest in...

-The Business Standard   Concerned over rising inflation, the Inter-Ministerial Group (IMG) today suggested opening up multi-brand retail to foreign investors and changes in agriculture marketing laws to check the rate of price rise. “We are taking a clear position on Foreign Direct Investment (FDI) in multi-brand retail. Of course, it is a recommendation, not policy,” said chief economic advisor and IMG chairman Kaushik Basu. The IMG, he added, favours formulation of a...

India has large wheat stocks already yet policy dictates they increase. In states like Punjab, Haryana, UP and Gujarat prices have fallen and are below the minimum support prices. This is a policy-induced outcome. A safe game in grains is fine, given the global politics of grain trade and the great ability of Indian politics to subsidise the wrong man in the vote bank — but how safe is safe? The...

The debate over the National Food Security Act has been reduced to a circus for political parties, NGOs and the National Advisory Council to perform verbal calisthenics. The discussion on who is entitled, who is not entitled and who should be entitled has gone on for over two years. The discourse is deteriorating into informed nit-picking. The time for debate is over; the time for decision is overdue. Let us get...

-The Business Standard   Only anecdotal evidence has been available so far to back the assertion that there has been a sharp rise in agricultural wages. Now, field data bear out the trend. Collected by the Shimla-based Labour Bureau, these numbers show a roughly 50 per cent cumulative rise in rural labour wages in the past two years. The increase in Andhra Pradesh has been assessed at over 40 per cent...