At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...
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Putting Growth In Its Place by Jean Dreze and Amartya Sen
It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...
More »Justice Markandey Katju on the role of media in India
-The Hindu Justice Markandey Katju, Chairman, Press Council of India, argues that the media has a very important role to play in helping the country make the transition from an old feudal society to a modern industrial one quickly, and without much pain. The Role the Media should be playing in India by Justice Markandey Katju, (former Judge, Supreme Court of India), Chairman, Press Council of India To understand the role which...
More »Nuclear power is our gateway to a prosperous future by APJ Abdul Kalam and Srijan Pal Singh
'Economic growth will need massive energy. Will we allow an accident in Japan, in a 40-year-old reactor at Fukushima, arising out of extreme natural stresses, to derail our dreams to be an economically developed nation?' Every single atom in the universe carries an unimaginably powerful battery within its heart, called the nucleus. This form of energy, often called Type-1 fuel, is hundreds of thousands, if not millions, of times more powerful...
More »India's official poverty line doesn't measure up by Jayati Ghosh
It is time to separate people's real needs from the arbitrary assessments of poverty that have guided Indian governments India's poverty line has always been a matter of huge debate, but it was a discussion mostly confined to economists and policymakers. But the matter has now gone public, following a row about an affidavit from the planning commission to the supreme court of India, in which the official poverty line was...
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