The government is spending billions of dollars on welfare schemes, and plans even more this year. But that is news to Poona, whose daughter may soon die from that stain on India's growth story -- malnutrition. Poona, who married at 14 and breaks quarry stones for a living, shielded her daughter's sunken face from a harsh summer sun with her blue sari. She does not know Urmila's weight, but the...

As the nation debates the National Food Security Act (NFSA) and its implications on food security for the country, it is pertinent to pause for a moment and ponder some of the structural reasons for the mismanagement of the food economy of the country. Forget the past or the future or even the present set of policies being pursued. The UPA-II is pushing the nation inexorably towards a regime of...

‘Improved law and order gave the vital impetus'  ‘State Govt. has ushered in wide-ranging reforms' ‘Development expenditures have increased' One of India's poorest State Bihar has started turning around based on the all-inclusive reforms initiated by the State Government, including improved law and order and higher public expenditures, the World Bank has said. “There are visible signs of a turnaround where the Bihar Government has been implementing wide-ranging reforms. State revenues and development...

This report is sure to come as a shocker for all those who thought the worst was over after believing that the recession is petering out. The recently released World Economic Situation and Prospects 2010 (WESP) of the United Nations (UN), predicts that the economic growth in the developing world will remain well below the pre-crisis pace of more than 7 per cent per annum. China’s and India’s economies are...

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...