The current food inflation is a result of food output growth not keeping pace with population growth Few recall that, just last month, there was a food security summit in Rome. In sharp contrast to the almost overwhelming coverage of the Copenhagen climate summit, it attracted far lesser attention from the heads of governments, as also from the media. This is somewhat strange as a food (and water) crisis can hit...

Minutes before curtains were drawn on state legislature's winter session, Chief Minister Ashok Chavan announced a Rs 10,000 crore package for Vidarbha. "This a time-bound programme for all-round development of the region and will be implemented in three years," said Chavan assuring the house that he would personally monitor it in co-ordination with the chief secretary. A quick analysis of the package, however, showed it was a re-jig of ongoing...

Democracy is, everywhere, a work in progress. Like many other countries, India has imposed electoral quotas to improve the political empowerment of women and racial-ethnic minorities – that is, it has a political system that requires women to be elected to certain leadership positions. These rules represent a form of affirmative action, but they also resemble a feature of our own Constitution that reserves space in the Senate for two representatives...

Once the world's wettest places, Cherrapunji is getting up to 20% less rain every year - and is suffering water shortages. Residents say their heavenly abode in the clouds is hotter and drier than ever before - and they blame it on global warming. Cherrapunji - or Sohra in the local Khasi language - is located in the West Khasi Hills of India's north-eastern state of Meghalaya. "Never were there very...

Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...