The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...

Forget the rhetoric, the FM’s left little for core social sectors The Union finance minister’s enthusiasm in marking the roadmap to financial discipline and pushing reforms in Budget 2010 is somehow missing in his proposals for inclusive growth. These proposals lack the required homework—in referring to relevant literature, including some recent government reports, and in making estimates of the required funds—and certainly do not reflect much commitment to inclusive growth. Agriculture—which...

Failure of kharif crop and mounting debts stated to be reasons  The interest rate on private loans ranges between 24 and 36 per cent The district witnessed 15 deaths in 3 days during November Sixty-nine farmers from Adilabad district committed suicide during the kharif season that lasted from August to November 2009 and the number grew to 93 by December 15, if reports from the non-governmental organisations and farmers’ associations in Andhra...

Demanding attention to farmers, agricultural scientist M.S. Swaminathan on Tuesday said increasing income per hectare was as much of a concern as improving yield per hectare. “The National Farmer’s Policy is unique because it shifts focus from the land to its tiller.” Dr. Swaminathan was speaking at a conference here on implementing the Farmer’s Policy, drafted in 2007 by a National Commission with him as chairman. Revisit syllabi Revisit syllabi, he...

* Main aim is to create asingle-window clearing-house for GM foods/crops * Planned regulatory authority to have overarching powers over state governments, existing laws * No room for farmers or civil society in approval process * Penal action for raising objection without scientific evidence * No independent risk assessment of data submitted to the authority * No provision for revoking approvals, inadequate liability clause * No informed choice for consumers...