The present situation is different from that of 2007-2008, although recent climatic events may significantly reduce agricultural production next season. Must history always repeat itself? We are indeed on the verge of what could turn out to be another major food crisis. The FAO Food Price Index at the end of 2010 returned to its highest level. Drought in Russia and the export restrictions adopted by the government, together with...

The finance ministry has offered only a 12% increase in the budgetary support to the central plan for the coming fiscal against the Planning Commission's demand for an 18% hike. The plan panel sought higher support, citing increased requirement for the flagship schemes, particularly MGNREGA, or Mahatma Gandhi National Rural Employment Guarantee Act . The North Block, constrained by its compulsion to return to fiscal consolidation and additional expenditure due...

Amit Jethwa had just left his lawyer’s office after discussing a lawsuit he had filed to stop an illicit limestone quarry with ties to powerful local politicians. That is when the assassins struck, speeding out of the darkness on a roaring motorbike, pistols blazing. He died on the spot, blood pouring from his mouth and nose. He was 38. Mr. Jethwa was one of millions of Indians who had embraced...

The National Rural Employment Guarantee Act (NREGA) may have revolutionised rural households in more ways than one but on the flip side the UPA government’s flagship scheme has affected agricultural production. Reports on the “negative influence” of NREGA have poured in from every nook and cranny of Meghalaya though the scheme aims to enhance the livelihood and security of people in rural areas by guaranteeing 100 days of wage-employment in a...

Fast-growing emerging nations are taking increasingly aggressive actions to beat back rising food prices as they grow more worried of threats to stability if prices don't start to retreat. Developing-market governments have unveiled a laundry list of measures—including price caps, export bans and rules to counter commodity speculation—to keep food costs from disrupting their economies as price spikes that some had hoped were temporary have stretched into the new year. Some...