In June 1991, the country embarked on a bold adventure by exposing to market vicissitudes its insulated manufactories, regulated (but pockmarked with soft spots) financial markets and inexperienced economic players. An economy, in those days, was about people, not giant factories and ships with riches. Though successive governments have secured the reformative underpinnings of the liberalisation process, it is to the Credit of players in India that the sublime quest...

Agricultural Credit flow by cooperative and public sector banks exceeded the target by 13% in 2009-10 financial year. “The flow of Credit to the agriculture sector increased significantly and banks have surpassed the target by extending Rs3,67,000 crore worth of loan to farmers,” an Agriculture Ministry official informed. The banks including public sector, cooperative and regional rural banks (RRBs), were set a target to lend Rs3,25,000 crore of Credit to farmers last...

In a small hamlet in Andhra Pradesh’s Ghatkesar district, 20km from Hyderabad, Indus Academy is one of four schools offering private education for the poor. Run by Career Launcher India Ltd’s foundation, its three single-storey buildings house around 40 children in the age group of 4-10. The walls of the school are festooned with bright-coloured pictures, and the school boasts a laptop, a television, a DVD player and plentiful study...

The US Senate is expected to pass the Global Food Security Act, new legislation that would significantly expand the government's commitment to combating hunger worldwide with a broad range of measures and more money, and a special coordinator, or "food czar", to oversee implementation of these provisions across agencies. A proposed new fund would allocate several billion dollars over five years to research and development, to enhance "food security, agriculture productivity,...

The government would soon announce a National Employment Policy (NEP), and with this, employment creation would be mainstreamed into all macroeconomic decision-making, Union Labour and Employment Minister Mallikarjun Kharge has said. The Minister was addressing the recent 99th session of the International Labour Conference, held under the auspices of the International Labour Organisation (ILO). Mr. Kharge said the NEP would provide a holistic framework towards achieving the goal of remunerative and decent...