The sight of a wiry, sweating man, straining as he pulls a rickshaw by hand is a frequent sight in Calcutta despite India's attempts to consign the practice to history. The gentle tinkling of its traditional bell sounds delightful amidst the cacophony of Calcutta traffic - with its ever increasing numbers of cars, taxis, lorries and motorbikes, all seeming to compete to blare their horns loudest and longest. But turn around and...

There is a silver lining to the drought that hit India in 2009-10. Although it sapped the country's growth, it led to an almost doubling of physical assets created under the government's flagship rural employment scheme that year. The drought of 2009-10 was the worst that the country had faced in 17 years. As regular jobs in the farm sector dried up, more people sought work under the Mahatma Gandhi National...

With food inflation hovering in the double digit bracket for most part of 2010-11 and the aam aadmi up in arms, all hopes were pinned on the Union Budget 2011-12 for giving a new fillip to the farm sector. But the budget has disappointed most, in spite of finance minister Pranab Mukherjee allocating Rs 14,744 crore for agriculture. “An increase of only 2.6 per cent over last year makes the...

During a recent trip to a rural part of western India to report on rising food prices, I met two kinds of farmers — those with access to irrigation and those without. The differences between the two were stark. Those with drip irrigation or sprinklers invariably were reaping rich harvests and profits. But the vast majority of India’s farmers fall in the second camp: they water their crops by flooding their...

The sharp rise in food prices inflation will remain a major cause of concern as inflationary pressures on the domestic front are likely to be exacerbated by higher levels of global commodity prices, the Economic Survey has said. It also indicated that the political turmoil in the Middle East and the “easy money” policy being followed by developed nations trying to jump-start their own economies after the global recession of 2008-09...