Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. Harsh heat and a lack of rain in Russia have killed half of the crop in some hard-hit areas. The slump in production in one of the world's most fertile breadbaskets has pushed prices up 62% since early June,...

The public distribution system (PDS) has failed to deliver on its objectives in many parts of the country. It would then seem appropriate to dismantle the system immediately and replace it with food coupons or cash transfers to the eligible households. But evidence on ground illustrate that PDS has functioned well for years in southern states such as Andhra Pradesh, Kerala and Tamil Nadu, with majority of the households purchasing...

Conflicting recollections on Bhopal tragedy highlight need to make old government papers public I was on the last unaffected train out of Bhopal that night, or so I was told. It was the Dakshni Express from Hyderabad to Delhi. There was nothing unusual at the station and next day in Delhi, I went through an entire working day unaware of that night’s news. It was not the age of 24x7 television...

India lives in its villages, Gandhi said. But increasingly, the people of India are dying on its roads. India overtook China to top the world in road fatalities in 2006 and has continued to pull steadily ahead, despite a heavily agrarian population, fewer people than China and far fewer cars than many Western countries. While road deaths in many other big emerging markets have declined or stabilized in recent years,...

The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...