The Economic Survey tucks away a little, dirty secret of India’s political economy in a box on power sector reform. The losses of state electricity boards, says the Survey, are now about 1% of GDP, which would translate to about Rs 78,700 crore this year. The government stopped publishing a table on this vital parameter a couple of years ago but the problem has only continued to grow in shade...

The promise of the FRA remains largely unfulfilled, says a committee set up by the Ministries of Environment and Forests and Tribal Affairs. IT seems hard for a government used to controlling most of India's common lands to let go of them. Even though it has passed a law mandating more decentralised governance of forests, the government itself is proving to be the biggest obstacle in its implementation. Other than in...

Rising food prices pushed tens of millions of people into extreme poverty last year and are reaching "dangerous levels" in some countries, World Bank President Robert Zoellick said Tuesday as he released new data showing that the cost of grain and other staples is near a historic high. The costs of some key commodities such as wheat have doubled in the past year, and a World Bank index of overall food...

The 50-year-old farmer knew from experience that his onion crop was doomed when torrential rains pounded his fields throughout September, a month when the Indian monsoon normally peters out. For lack of modern agricultural systems in this part of rural India, his land does not have adequate drainage trenches, and he has no safe, dry place to store onions. The farmer, Arun Namder Talele, said he lost 70 percent of...

Allotment of gram sabha land to private persons illegal Ponds, tanks which served communities for years encroached upon Taking a serious view of illegal and unauthorised encroachments on government poromboke land, the Supreme Court has directed all the State governments to prepare schemes for eviction of such occupants of gram sabha/panchayat/poromboke/shamlat land and restore them to the gram sabha/panchayat for the common use of villagers. A Bench of Justices Markandey Katju and Gyan...