On the eve of a decision on the draft food security law by the Sonia Gandhi headed National Advisory Council, the government unveiled a blueprint for a complete revamp of the public distribution system, or PDS. State food ministers on Tuesday approved time bound changes in the PDS to plug the weaknesses in the system to create the appropriate delivery mechanism for meeting legal commitments of the proposed law. The...

India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...

Earlier this week, India's opposition parties came together in a rare show of unity to take to the streets in cities across the country. They protested against the government's recent decision to raise fuel prices after it scrapped its subsidy of petrol prices in an effort to cut the budget deficit. Supporters of the right-wing Bharatiya Janata Party joined hands with their ideological rivals among the Communists to paralyse normal life in...

The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

The contrast between the disasters, more than a quarter-century and half a world apart, could not be starker. In 1984, a leak of toxic gas at an American company’s Indian subsidiary killed thousands, injured tens of thousands more and left a major city with a toxic waste dump at its heart. The company walked away after paying a $470 million settlement. The company’s American chief executive, arrested while in India, skipped...