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...

At its core, healthcare is essentially a public service. So its demand and supply cannot be left to the market and can't be limited to care rendered or financed by public expenditure, but must also include incentives and disincentives for care paid for by citizens. India's healthcare challenges are aggravated by lack of overall coverage of health insurance services. Although the government and some private employers provide health protection, the...

The Centre today sought to justify the export ban on onion by saying that the wholesale price of onion in Nashik, the country’s largest wholesale hub for the bulb crop, had declined by 33 per cent to Rs 2,500 per 100kg or Rs 25 a kg. The impact will not be felt immediately on kitchen budgets as it will take some time – “two to three weeks”, according to Sharad Pawar...

A direct outcome of the global economic crisis has been a decline in the rate of growth of wages across the world, barring Asia and Latin America. A study by the International Labour Organisation, Global Wage Report 2010-11: Wage policies in times of crisis, highlights this reality and points to the need for countries to put in place proper social and labour market policies to protect an increasingly vulnerable workforce....

Over 300 workers from the Hindustan Insecticides Limited plant manufacturing Endosulfan near Kochi at Kerala organised a rally today to oppose the unscientific approach adopted by environmental NGOs to seek ban on Endosulfan. The workers demanded that their own experience and the farmers’ experience be taken into consideration as they work with the pesticide Endosulfan. Endosulfan was manufactured and used for more than 50 years across the world and continues to...