Suicide notes in Vidarbha are at times addressed to the Prime Minister, the desperate last cries of voices that went unheeded when alive. Seeking authenticity for his letter to the Prime Minister and the President, Ramachandra Raut composed it with care on Rs.100 non-judicial stamp paper. Then he added a few more addressees, including his village sarpanch and the police, in the hope that it got home someplace. Then he...

In 2006-08, Maharashtra saw 12, 493 farm suicides. That is 85 per cent higher than the 6,745 suicides it recorded during 1997-1999. And the worst three-year period for any State, any time. The loan waiver year of 2008 saw 16,196 farm suicides in the country, according to the National Crime Records Bureau. Compared to 2007, that’s a fall of just 436. As economist Professor K. Nagaraj who has worked in-depth on...

Government sat on grain stocks while food prices shot up   In july 2008, when inflation rose to a 10-year high of 11 per cent and industry was hit by a range of factors, including economic recession, the Union government responded immediately. There were day-on-day monetary interventions. Since July 2009, inflation, as calculated by the prices poor consumers pay for their daily needs, has hovered around 11 per cent, again a 10-year...

Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...

Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...