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...

WITH the introduction of short-term, high-yielding varieties of cereal and oil-seed crops, the cropping intensity has now reached almost 300 per cent in Punjab. Moreover, the intensive use of chemical fertilisers, insecticides and pesticides involve greater use of scarce groundwater resources. The water table has gone down alarmingly resulting in huge investment on installation of costly submersible pumps to draw water for irrigation. This does not auger well for sustainable...

If recent indicators are anything to go by – the failure to keep food prices down, the proposed national food security Act, the failure to ensure even minimum wages to construction workers at projects for the upcoming Commonwealth Games in New Delhi, to recount a few – it seems the country has given up even the pretence of caring about its children or their crippling, unbudging state of malnutrition. Leaders,...

The agricultural growth package mooted in the Union Budget for 2010-11 seems well conceived but not adequately supported by funding for its key elements. This, surprisingly, is despite the 21.6 per cent increase in the overall Central plan outlay for agriculture and allied sectors, the highest hike in recent years. The underlying objective of the four-pronged strategy outlined in the Budget speech for spurring agricultural growth is, obviously, to address...

India’s love for peanuts is now such a mega trend that chikki and chivda are bigger money-spinners than groundnut oil, the most expensive traditional cooking oil. The popcorn generation has morphed the peanut from a stodgy oil crop into the nation’s favourite snack food. But hasn’t the peanut always helped us live through moments of excitement and ennui? Isn’t the volume of peanut shell litter a uniquely Indian indicator of...