Tight money policy means more capital inflows: ADB Lower middle class worst affected by inflation Infrastructure development, farm productivity can help With the Wholesale Price Index (WPI)-based overall inflation still hovering at around 10 per cent, the Asian Development Bank (ADB) on Thursday said that it was likely to scale up its inflation forecast for India by the end of September. Speaking to the media after the launch of the ADB's flagship annual statistical...

Concerned over large population still suffering from poverty and hunger, Prime Minister Manmohan Singh on Sunday said more efforts were required to achieve higher productivity and growth in the farm sector that would ensure food security to the people of this country. "I am happy that the Growth Rate of our agriculture has increased substantially in the last few years. But we are still far from achieving our goal. We...

The success of programmes like the Sarva Shiksha Abhiyan (SSA) and Mid Day Meal Scheme (MDMS) in getting most children enrolled at the primary level has created the illusion that the government is now finally getting down to business and boldly financing education. Spending on education quadrupled between 1990-91 and 2000-01 . Since 2004-05 , the combined expenditure on education by the Centre and states has increased at a blistering...

The disastrous effect of the state throwing up its hands and retreating is most starkly visible in agriculture . Remember: agriculture involves 70 per cent of the country's population , generates about 56 per cent of national income, 64 per cent of total expenditure and about one third of total savings. So, any neglect translates into gigantic costs. And the central crisis in agriculture — production barely matching a depressed...

There is an interesting debate on food security and we should get the Planning Commission’s perspective on this. But as I write this, the Planning Commission Web site still does not have the mid-term appraisal, so Yojana Bhavan must still be polishing it. This column has, over time, taken the position that the food security programme is really important and a country growing as fast as India simply cannot ignore...