The Central Vigilance Committee on Public Distribution System (PDS) headed by Justice (rtd) DP Wadhwa has come down heavily on the Public Districution Syetem in its recently submitted report. The committee has ruled that the whole system of procurement and distribution of food grains is built on corruption and its benefits to the poor are low. His prescription: Innovative methods to improve the system. "The whole system has to be...

While the government's recent clarification on the policy on foreign investment in wholesale trade is welcome, it needs to be complemented with a policy to empower our farmers to interact with modern, organised retail productively. Organised retail can catalyse a second green revolution in India when farmers become empowered to negotiate prices for their produce with retailers. The industry ministry's recent guidelines for wholesale trade, known as cash and carry,...

Democracy and free market have fused into single predatory organism: Arundhati Roy  MoUs with transnational firms resulted in tribals moving out of their lands: Arundhati Roy The problem of market externality poses systemic risks: Chomsky “What happens, now that democracy and the free market have fused into a single predatory organism with a thin constricted imagination that revolves almost entirely around the idea of maximising profit,” asked author Arundhati Roy at a...

In a congested part of Patna, capital of India's Bihar state, stands a striking yellow building - a 100-year-old mansion that has clearly seen better days. Inside it, in a small dark room, a young bearded cleric is reading out sermons from the Muslim holy scriptures to a group of boys seated cross-legged on the floor. They are in their late teens, some are wearing skull caps and they all listen...

Saying that the biotech bill is all 'wrong and retrogressive', Communist Party of India (CPI) leader D. Raja has written to Prime Minister Manmohan Singh cautioning him not to introduce the 'draconian' bill in parliament. In the letter dated March 11, of which IANS has a copy, the party's national secretary vehemently criticised the bill's main proposal to set up the Biotechnology Regulatory Authority of India (BRAI) under the ambit of...