A revamped version of the Mahatma Gandhi Rural Employment Guarantee Scheme, the government's flagship social sector programme, will be unveiled on November 14. The makeover, crafted by rural development minister Jairam Ramesh and Planning Commission member Mihir Shah, promises to iron out administrative glitches that have dogged the six-year-old scheme, credited for boosting incomes but panned for stoking inflation. "We are ready with version 2 of MGNREGA. It will basically strengthen the...

Bihar's recent economic growth has created a peculiar problem for real estate and infrastructure firms in other parts of the country.  Migrant labour from the state constitutes around 50% of the unskilled workers employed in these sectors nationally, but increased government expenditure and private investment has caused rural migration from Bihar to fall by a third in recent years, resulting in labour shortages and 35-50% higher wage bills for real estate...

'Economic growth will need massive energy. Will we allow an accident in Japan, in a 40-year-old reactor at Fukushima, arising out of extreme natural stresses, to derail our dreams to be an economically developed nation?' Every single atom in the universe carries an unimaginably powerful battery within its heart, called the nucleus. This form of energy, often called Type-1 fuel, is hundreds of thousands, if not millions, of times more powerful...

To control inflation and ensure long-term economic growth, India needs to harness the creativity of the large number of its farmers and entrepreneurs, especially in rural areas. The latest WPI inflation data show primary articles inflation in double digit, driven mainly by food inflation which remains stubbornly high at over 9 per cent. The high food prices are the result of structural factors with shortages getting aggravated as demand continues to outstrip...

One week from now, the United Nations estimates, the world’s population will reach seven billion. Because censuses are infrequent and incomplete, no one knows the precise date—the US Census Bureau puts it somewhere next March—but there can be no doubt that humanity is approaching a milestone. The first billion people accumulated over a leisurely interval, from the origins of humans hundreds of thousands of years ago to the early 1800s. Adding...