NEW DELHI: Floods that have ravaged parts of southern and western India is likely to hit the grain production in the country, leading to higher prices of essential commodities such as rice, pulses, jowar, bajra and certain category of vegetables. While the extent of the damage caused by the sudden burst of floods in Karnataka, Andhra, Maharashtra and Goa is yet to be assessed, the governments at the Centre and...

The film industry is tackling the controversial issue of farmer suicides After drinking pesticide out of sheer desperation, poverty-stricken farmer Nandu collapsed. He did this on screen in front of an audience at a packed multiplex cinema, which issued a collective gasp. Nandu is just a character in a recent Indian film about farmer suicides. But his tragic fate has been a reality for thousands of farmers across India. For the first...

Dr M.S. Swaminathan, considered the Father of the Green Revolution in India, finally stated his views on genetically-modified (GM) crops in an opinion piece published on August 26, 2009, in this newspaper. GM crops are produced by inserting foreign genes, mostly non-plant genes (bacterial, viral and animal genes) for obtaining hitherto non-existent, new characteristics in a crop. For instance, the Bt class of GM crops like Bt cotton and Bt...

Even as the finance minister recently stepped in to issue an advisory to curtail unnecessary expenditure, it is learnt that the finance ministry has already used up more than 80 per cent or four-fifth of its funds allocated for foreign travel in the first two quarters itself. According to senior government officials, Rs 3.3 crore was allocated to the ministry in the Budget this year for foreign travel with an...

India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...