The Maharashtra government may intervene to make farmers accept a lower price for sugarcane supplied to mills, given the way these have gone out of line with current market prices. Chief Minister Ashok Chavan has convened a meeting on Thursday with mill representatives on the issue. With the current cane prices of Rs 240-250 a quintal delivery at the mill gate, the cost of sugar production comes to around Rs 2,700...

For a man who’s been in the pharmaceutical business all his working life, advocating clean drinking water across the country might seem like a bad business idea. In fact, its health fallout could put me out of business. But there are times when one has to think beyond the balance sheets. Water is one issue that excites passion, yet we give very little thought to it. Those who have seen...

Tens of thousands of Indian women and their families will have access to quality maternal and child health-care services thanks to a partnership announced today by the United Nations Development Programme (UNDP) and a chain of small hospitals in India for low-income clients. LifeSpring Hospitals has signed up to the Business Call to Action (BCtA), a UNDP supported global initiative challenging companies to apply their business expertise, technology and innovative...

Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...

IN GREEN-LIGHTING the new “nutrient- based” fertiliser policy, Finance Minister Pranab Mukherjee pulled off a political coup, overriding the objections of the once-powerful UPA allies, DMK and NCP. What’s more, it is those very critics who will be responsible for the actual delivery of benefits to farmers under the new scheme — which is a tall order. With Mamata Banerjee’s TMC putting in only a token caveat, the reservations of Union...