Small and marginal farmers have reason to cheer, as the Central government has decided to construct small tanks, wells and even horticulture plantations in their fields under the National Rural Employment Guarantee Act (NREGA). Sources in the divisional commissionerate said the government has amended the act to include even small and marginal farmers belonging to backward community, including SC/ST, especially those holding farms smaller than two acres. These farmers will...

India, the world’s second-biggest rice grower, may have a record harvest this year as increased planting offset drought in the east of the country. Production may total 100 million tonnes in the year ending June 2011, compared with 89.3 million tonnes a year ago, said Vijay Setia, president of All India Rice Exporters’ Association. Output was a record 99.2 million tonnes in the year ended June 30, 2009, according to the...

India's growth story in a crisis-hit world has been globally applauded. Still, the prime minister did well not to use his Independence Day address as a mere occasion for back-patting. This isn't yet "new India" where growth's gains percolate to every citizen. Not only must structural nuts and bolts be fixed before we get there, the economic blueprint itself needs a sharper reformist orientation. To its credit, the UPA has...

The World Bank has agreed to provide USD 900 million financial aid to Pakistan which has been hit by devastating floods affecting 14 million people and leading to crop loss estimated at USD 1 billion. "The Government of Pakistan has requested around USD 900 million of financial support from the World Bank, which we have committed to provide," the World Bank said in statement. The current floods have claimed over 1700 lives...

In its action plan on water security, the Planning Commission will likely recommend a cess on the use of groundwater. The quantum of cess will be state-specific and will depend on the volume of water used by farmers. Mihir Shah, Member, Planning Commission, told The Indian Express that the proposed action plan would encompass creating a new legal and institutional framework with a clear focus on sustainability and equity. “It will...