Even as the media celebrate the Mercedes Benz deal in the Marathwada region as a sign of “rural resurgence,” the latest data show that 17,368 farmers killed themselves in the year of the “resurgence.” When businessmen from Aurangabad in the backward Marathwada region bought 150 Mercedes Benz luxury cars worth Rs. 65 crore at one go in October, it grabbed media attention. The top public sector bank, State Bank of India,...

THE issue of foodgrain management policy has assumed renewed importance with several reports in the media of large-scale wastage and diversion from the public distribution system (PDS). In a cogently-argued paper recently, Prof Kaushik Basu, a well-known economist and the chief economic adviser in the ministry of finance, has argued for foodgrain to be released in lots of much smaller size into the market, than is presently done by the...

When we talk of India's mammoth work force, be it in rural or urban scenarios, what comes to mind is the 'unorganised' sector. They form the multitudes that do not 'belong' to a sector governed by a slew of measures in accordance with labour laws or employment terms defined by policy measures. These are the multitudes, which fall outside the ambit of Central Government legislation pertaining to wages and salaries....

Traversing 20 states of India the Yatra had a three point agenda: Food, Farmers, Freedom. On December 11, while the bulk of yatris were at Raj Ghat, their representatives went to meet Congress president Sonia Gandhi. The list of demands they submitted provides a bird's eye view to the war that is now taking shape. Proponents of Kisan Swaraj want both the government and private sector to, among other things: 1. Stop treating...

The economic resolution adopted by the All India Congress Committee at the Burari session is a reiteration of the party’s last two election manifestos. It combines a commitment to rapid economic growth with that to redistributive policies that would help make the growth process socially inclusive. There is a helpful explanation of the three sources of inflation — excess demand, improved prices to farmers and global commodity price inflation —...