A demand to reintroduce a universal Public Distribution System (PDS) in the country appears every now and then. Its proponents argue that universal access is necessary for ensuring food security, for better control on prices and for eliminating (at least partially) the evils of exclusion errors in the targeted PDS. The question is: what are the operational implications of access for all citizens to subsidised foodgrain? They are currently allocated as...

The world’s largest study exploring the link between wealth and happiness has revealed a deficit of trust and social-psychological well-being in India that scientists believe could exacerbate the psychological effects of poverty. India ranks low — 85th among 89 countries — on social-psychological strengths assessed through questions such as whether people feel respected or whether they have close family or friends they can turn to for help. Yet India has relatively...

The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...

The revised estimates of national income by the Central Statistical Organisation for 2009-10 present a generally positive picture of the economy. During the year, the economy grew by 7.4 per cent, marginally higher than the 7.2 per cent projected in February's advance estimates. A better-than-expected 8.6 per cent growth during the fourth quarter is the main reason. Industry has been a star performer. The strong performance of the crucial segments...

Biodiversity drives sustainable and climate-resilient farming and the biotechnology industry. Everything should be done to spread bio-literacy for an era of bio-happiness in rural and urban India through the conversion of bio-resources into jobs and income.  Biodiversity provides building blocks for sustainable food, health and livelihood security systems. It is the feedstock for the biotechnology industry and a climate-resilient farming system. Given its importance, a Convention on Biological Diversity (CBD)...