The subsidy-driven development model of Punjab is one of the reasons why state is the worst performer in the country on economic equality front measured through Gini co-efficient. Not only this, revenue collection is the lowest in the country at 6.86% as against a national average of 10-12%. Subsidy is going to only the rich with peasants being pushed out of agriculture. It has come to focus as its reduction is...

Basmati paddy prices are expected to touch their highest level of Rs 3,400 per quintal during the forthcoming harvesting season, says a research report. The prices of traditional Basmati paddy are in the range of Rs 2,650—3,350 per quintal this month, and are expected to be Rs 2,500—3,200 per quintal in November. In December, however, they will go up to Rs 2,700—3,400 per quintal, depending on the varieties, the report said. The forecast...

A recent report of the UN Special Rapporteur on the Right to Food, Olivier de Schutter, provides a damning indictment of the role of speculation in food commodities in fuelling the global food crisis. The report – 'Food Commodities Speculation and Food Price Crisis – was released on the eve of an emergency meeting of the UN-FAO on the instability in agricultural markets. The global food crisis in 2007-08 led to...

The International Energy Agency (IEA) has highlighted that over 20% of the global population or 1.4 billion people lack access to electricity, which hinders economic and social development. Here in India, the grim reality is that almost half the population in rural areas has little or no supply of power. For long years, open-ended subsidies in power have mostly been diverted and usurped by the undeserving non-poor. Fortunately, social, managerial and...

India has long been simultaneously a country of enormous wealth and desperate poverty. In recent decades, the distance has only grown between those who enjoy living standards comparable to the finest in the world, and the millions left far behind. Even as Indians crowd the lists of the world’s richest dollar billionaires, an estimated 200 million people sleep hungry. Half our children are malnourished and nearly a fifth severely so....