India has large wheat stocks already yet policy dictates they increase. In states like Punjab, Haryana, UP and Gujarat prices have fallen and are below the minimum support prices. This is a policy-induced outcome. A safe game in grains is fine, given the global politics of grain trade and the great ability of Indian politics to subsidise the wrong man in the vote bank — but how safe is safe? The...

The Chhattisgarh government has been exposed for shielding IAS officer Babulal Agarwal, who is worth Rs 253 crores, with 473 Bank Accounts. He owns 30 companies, set up in the last 11 years and has a life insurance policy worth Rs 85 lakh in his son's name. He was raided by the vigilance department in February last year, suspended and then reinstated. Agarwal is now serving as the Secretary, Corporation, in the Chhattisgarh...

The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...

West Bengal chief minister Mamata Banerjee may have complained of inheriting empty coffers from the Left Front government that ruled the state for 34 years, but cold statistics reveals that it created a base for her to build upon. During the last few years of the Left rule, Bengal witnessed rapid industrialization. Former chief minister Buddhadeb Bhattacharjee steered the state to fourth position in terms of rapid growth of industry...

The Sheila Dikshit government is ready to shut PDS shops in Delhi, ringing the death knell for not only the poor but also the middle class because black marketers will have a free run said Arvind Kejriwal, civil society activist and founder of Parivartan. Instead, the government proposes that Rs 1,000 be deposited in the Bank Accounts of the women of BPL families for buying foodgrain. Even though PDS is not...