-PTI About 40 per cent of government's foodgrain is stored in an "unprofessional" way due to acute shortage of storage capacity to the tune of 35 million tonnes, industry chamber Assocham said on Wednesday. Currently, 70 per cent of the total warehousing capacity of 112 million tonnes is owned by the government. Additional 35 million tonnes of storage capacity is required in the 12th Five Year Plan (2012-17) period, it said. "About 30-40...

-The Hindu   Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...

-Frontline     Significant part of economic migration is still the result of desperation rather than hard-headed economic calculation. This, in turn, affects the conditions under which workers migrate and their lives and work as well.   PERHAPS the most poignant moment in the film Peepli Live-even though the movie is really more about the media than about the socio-economic realities of India-is at the very end, when the hapless protagonist, now a former farmer...

-Live Mint   What explains the mystery of job growth slowing so drastically just when growth spiked up so rapidly? The health of the economy occupied the centrestage of the political battlefield this week, as the ruling United Progressive Alliance (UPA) and the opposition National Democratic Alliance (NDA) engaged in a spirited debate on India's economic performance. A major bone of contention was the slower pace of job growth in the UPA's 10-year...

-Live Mint   In Gujarat public funds are committed to supporting private investment. This does not benefit the poor Amidst the clamour of India's colourful 2014 general election, a public debate of great import for India's future is underway. Leading political candidates debate which development model is best suited for a country of vast economic potential and embedded historical impoverishment. Most opinion polls rate Narendra Modi as the front-runner in the 2014 general election....