-Economic and Political Weekly   Budget 2012, built yet again at the altar of fiscal fundamentalism, will not convince anybody. In this era of immediate assessment it took just a few minutes for the Union Budget for 2012-13 to be given one or the other negative appellation – “lacklustre”, “anti-growth”, “back to the 1980s”, “without reform” and the like. Such evaluations forget that union budgets have long since ceased to be statements of...

India’s Bt cotton dream is going terribly wrong. For the first time, farmer suicides, including those in 2011-12, have been linked to the declining performance of the much hyped genetically modified (GM) variety adopted by 90% of the country’s cotton-growers since being allowed a decade ago. Policymakers have hailed Bt cotton as a success story but a January 9 internal advisory, a copy of which is with HT, sent out to...

A new study questions safety assessments of Bt brinjal, asks for an independent regulator Does it matter if the gene introduced in Bt brinjal varies from the natural brinjal by 70 amino acids rather than by one? What if the regulators in the country fail to detect this and rubber stamp a genetically-engineered vegetable on the basis of the premise submitted by the company that produced it — Mahyco in...

To lose bank guarantees for its four power plants in Rajasthan The Union Ministry of New and Renewable Energy (MNRE) has found Lanco Infratech guilty of false commissioning of solar power plants in Rajasthan. The company will now lose its first set of bank guarantees for the remaining four solar photovoltaic plants in Rajasthan. It has already lost bank guarantees of three other plants being set up in the state after...

-The Telegraph The controversial poverty data from the Planning Commission has a message for Mamata Banerjee: the Marxists have brought down the number of destitute in Bengal but much more needs to be done. Latest data suggest that the number of poor has dipped by 7.5 percentage points in Bengal between 2004-05 and 2009-10, which covers the last five years of Left rule in the state. Poverty in urban areas in Bengal came...