The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

THE Indian Bureau of Mines, in its Indian Minerals Yearbook–2005, notes that Chhattisgarh has 28 different types of minerals, with coal and iron ore being the most abundant. The Centre for Science and Environment (CSE), in its comprehensive book Rich Lands, Poor People: Is ‘Sustainable' Mining Possible?, says that around 16 per cent of India's coal reserves, 10 per cent of its iron-ore reserves, 5 per cent of its limestone...

India has been lauded for its remarkable overall economic growth of over 8% over the last five years. But despite this high and relatively stable growth, India's underbelly is soft. The agriculture sector is performing below expectations, with growth rate of around 2.8%, it is way below the Eleventh Plan target of 4%. The Food and Agricultural Organisation (FAO) estimates that 22% of India's population is undernourished. Child malnutrition is...

Furious debates among policymakers about the proposed national food security law largely revolve around its financial repercussions. The Planning Commission is finally coming around to accepting the Tendulkar Committee’s estimates of 37.2 per cent BPL population or 8.5 crore BPL households. The fiscal burden in implementing the food security law for 37.5 per cent BPL population, with each household being provided 35 kg food grains, is estimated to be Rs...

In most organisations, those who are the biggest funders are also the ones with the biggest say in their running. In the case of the World Health Organisation (WHO), on the face of it, there seem to be two entities making the biggest voluntary contributions, the US government and the Bill and Melinda Gates Foundation. But a closer look at the list of voluntary contributors suggests that the Gates Foundation...