The problem is all pervasive as the prices of almost all food items have been rising In a scenario that is all familiar in India and for that matter in many other countries too, rising food prices have become an extremely sensitive issue with major political and social ramifications that go well beyond the economic ones. Not that the economic consequences are unimportant. From the macroeconomic management point of view, rising food...

While there will be general agreement that the judgement in Binayak Sen's case represents a gross miscarriage of justice, most people will attribute it to the overzealousness of a lower judicial functionary, or, at the most, to the prevailing atmosphere in the state of Chhattisgarh. If the trial had been held elsewhere, they would argue, Binayak would not have got the verdict he did. They are probably right, just as...

What’s Going Wrong?     * Market intelligence remains a weak link; farm policies rarely reflect correct scenario     * Extensive damage to crop in Maharashtra not factored in promoting onion, tomato exports     * Middlemen make capital while farmers realise 10-15% margin, not enough to recoup losses     * Government market intervention capacity limited to foodgrains and pulses **** India’s worst-kept secret was finally revealed when the government threw up its hands in despair in the...

Genuine fear of genetically modified (GM) crops arising from relatively less studied science combined with the fear of the unknown and lack of transparency of the companies dealing with GM crops made most governments and their citizens in Europe and other countries oppose the technology. Fearing that nanotechnology, another promising technology, may face the same fate, the U.K. Royal Society had published a detailed report on nanotechnology in 2004. The report, made...

The Manmohan Singh government is digging an even bigger hole for itself by claiming there was no loss of revenue from the sweetheart sale of 2G spectrum to favoured corporate houses. “Milord,” cunning lawyers have argued in countless Hindi movies, “how can there have been a murder when there is no dead body?” I was reminded of this line when I heard Kapil Sibal — who has been performing as an...