The government has a plan to reach welfare to the poor without wasting money. It wants to put hard cash in their hands instead of spending on welfare programmes. To begin with, it wants to end the public distribution system of food grain and give money directly to the people. Its logic: the new system of cash transfer will plug leakages and save an enormous amount of money. But is it...

With one cotton farmer committing suicide every alternate day, the district has become a virtual killing field for growers grappling with the socio-economic upheaval caused by crop failure this season. The current spate of suicides started at the beginning of the last quarter of 2010, when it became clear that the excessive rain irreparably damaged the crops. Dismal yields and mounting debts drove 30 farmers to death during this period. With 16...

Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...

Between the Reserve Bank of India, the Union finance ministry and the army of economic advisors that surround Prime Minister Manmohan Singh no one seems to have a clue about how to get a grip over food inflation. Not only has the recent episode of high food prices seen surprisingly sharp spikes in the prices of vegetables and fruit but it has lasted longer than any other episode of inflation...

Mamit district, known as the rice-bowl of Mizoram, has its eyes set on oil palm to provide a new crop to its farmers and at the same time contribute to the state’s agro-based economy. While the state agriculture department introduced oil palm cultivation in 2001, Mamit rather woke up a little late. But since 2007, nearly 4,500 farmers in 45 villages in the district have taken up oil palm cultivation. “We introduced...