India’s fiscal policy is not supportive of monetary measures that the country’s central bank is employing to fight rampant inflation, the prime minister’s honorary economic advisor and former International Monetary Fund chief economist Raghuram Rajan said, while singling out the proposed Food Security Bill as a particular cause for concern. The Bill, which proposes to give about 68 per cent of population the legal right to subsidised food, will not only...

The first casualty of the new policy could be NTPC’s proposed plant in Burdwan district West Bengal chief minister Mamata Banerjee may soon announce a new land use policy which says the government will not acquire land for industrial projects, leaving it to project promoters to do so. “They (companies) operate in a market economy, so must deal with market forces. They shouldn’t ask the (state) government to acquire land for them,”...

Policies aiming to combat malnutrition are ignoring an entire generation of women whose overall health has a direct bearing on children’s growth, say advocacy groups and researchers Cradling a frail son on her hip and with a plastic bag stuffed with clothes in one hand, Tara Jadam walked into the rehabilitation centre inside the district hospital here to spend the next two weeks. On a hot afternoon, she has walked several miles...

-Reuters   Sitting at the edge of fields in the heart of India's grain bowl, Gurdayal Singh Malik shakes his head in resignation about the lack of workers needed for his 60-acre farm, blaming the government's flagship welfare program, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), for the shortage. Ever since the start of the program, which guarantees 100 days of work a year for rural households, the flow of...

It's that time of the year when Kishore Lal Singh's eyes almost involuntarily scan the skies. The monsoons are coming. In the months ahead, for this Bhil farmer growing cotton, maize and soya south of the Malwa plateau in Madhya Pradesh, life will again hang on a knife's edge. If it rains well, his two bighas (about four basketball courts) of cotton will yield 1,000 kg. If not, he will...