Never mind wishful thinking by the government and RBI. Food will never be cheaper than what it is today. Not this year. Or in future. The reason is simple. Growing food in India has become extremely expensive. Crops are pricier even before they reach the market and face the pulls and tugs of rising local demand and exports. The farmer’s single biggest cost now is labour. Farm labour wages have doubled...

A meticulous study of the agrarian relations in three villages. ONE of our senior sociologists once drew my attention to the distinction between economics and other social sciences. Other social sciences – sociology and anthropology, for instance – he said, pay a great deal of attention to gathering primary data and interpreting them, whereas economics relies on secondary data for its analysis. This is, to a large extent, a fair...

Block vehicular and railway traffic across Punjab, demand relaxation of paddy procurement norms Various factions of the Bhartiya Kisan Union (BKU) and organisations of landless labourers blocked the railway traffic at Moga and ten other locations in Punjab on Friday. They also halted the vehicular traffic on many highways, demanding relaxation in the procurement norms of paddy. The protesters claimed that adverse weather conditions had affected the quality of grains, and said...

The three partners of the Left alliance will agitate for implementation of the recommendations of the D Bandopadyaya Commission on land reforms. Releasing the manifesto of the CPM here on Wednesday, its state secretary, Vijaykant Thakur, said that the Left alliance would also ask the government to bring in drastic land reforms on the pattern on Tripura, West Bengal and Kerala. He claimed, "In our manifesto, the Left parties have given alternative...

Posco’s proposed $12 billion steel plant in India is in doubt after a government panel recommended scrapping environment clearances given to the world’s third largest steelmaker. Three of the four members of the panel suggested that approvals should be canceled because of “flaws in the studies, and shortcomings in the clearances granted” to the project in the eastern state of Orissa, Environment Minister Jairam Ramesh told reporters yesterday in New Delhi....