An average Indian uses less than half the amount of water consumed by an average American, but India is the world’s largest net virtual water exporter, using more domestic water resources for export products than any other country, says a study. India’s per capita water consumption is 1,089,000 litres per year, while the average US consumer uses 2,842,000 litres, but trade leaves India with a net virtual water export of 95,000...

-ENS Economic Bureau   Estimates on black money stashed away by Indians is still very much a grey area. So when the CBI Director emphatically declared on Monday that $500 billion of illegal money belonging to Indians was deposited in tax havens abroad, the figure caused more than a mild flutter.   Mainly because the information currently available on the black money economy is way too disparate and vague. Considering the available evidence, the...

As minister for rural development, Jairam Ramesh oversees the largest spending in the social sector by the government. This includes the marquee Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) that was pioneered by the Congress-led United Progressive Alliance in 2006. The minister, an alumnus of the Indian Institute of Technology and the Massachusetts Institute of Technology, is known for his forthrightness. In a typically candid interview to Mint on...

-The Hoot The brutally fatal silencing of three journalists along with the sharp rise in censorship of content in online media and the increasing cases of defamation marked the deterioration of the climate for free speech across India in 2011. Attacks on journalists continued to be high, with 24 recorded instances even as writers, journalists and lawyers bore the brunt of the intolerance of vigilante groups to dissenting opinion. The Free Speech...

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...