If a country’s national income is rising, someone in the country must be getting richer. Unless income distribution is changing, all income classes must get richer at about the same pace. If a constant standard of living is defined to classify everyone below it as poor, then as incomes rise, the proportion of the poor so defined must shrink, eventually to zero. If income grows 5 per cent a year...

The government has decided to release data for manufactured goods in the wholesale price index (WPI) with a monthly frequency, even as data on primary goods and fuels would continue to be released every week. Further, the revamped WPI would cover about 900 items instead of 435 at present, and the base year is being brought forward from 1993-94 to 2004-05. These changes would make the price index more reliable...

In a significant first for India, the Genetic Engineering Appraisal Committee, the country's biotechnology regulator, has deemed Bt brinjal suitable for Consumption. That clears the path for it to become the first genetically modified (GM) food crop to be commercially cultivated. Bt brinjal, and by extension all GM food, has been at the centre of a fierce debate over the safety and utility of GM food products. Criticism has focused...

On the day when the commercial release of Bt Brinjal was recommended by the Genetic Engineering Approval Committee, the Indian Agricultural Research Institute (IARI) denied that Pusa Basmati 1121 rice (exported to the Middle East) was genetically modified as reported in a section of the Iranian Press. Obviously, the genetically modified rice has no export market, and attempts to brand Pusa 1121 as such were done on trade considerations to...

Civil society groups and non-governmental organisations have strongly voiced their disapproval of the Genetic Engineering Approval Committee (GEAC) recommending commercial cultivation of Bt Brinjal in India. This is happening even as there are many unresolved issues surrounding the environmental release of the transgenic vegetable and genuine concerns over its safety for human Consumption. There is also the threat of all future seeds and therefore Indian agriculture coming under the control...