It is time for India's government to put its money where its mouth is. New Delhi has raised some $30 billion since March by selling state assets and telecom airwaves. That is about as much as the country will attract in foreign direct investment this fiscal year. There is one area above all else where this money should be directed: food security. New Delhi talks a lot about guaranteeing food for India's...

The government has approved Rs 350 crore scheme to study impact of climate change on agriculture and reduce production losses. Approved by the Cabinet Committee on Economic Affairs, the main objective of new plan scheme ‘National Initiative on Climate Resilient Agriculture’ is to assess impact of climate change on agriculture and allied sectors in the country and evolve cost-effective adaptation and mitigation strategies. The scheme will be implemented in the remaining part...

The economic resolution adopted by the All India Congress Committee at the Burari session is a reiteration of the party’s last two election manifestos. It combines a commitment to rapid economic growth with that to redistributive policies that would help make the growth process socially inclusive. There is a helpful explanation of the three sources of inflation — excess demand, improved prices to farmers and global commodity price inflation —...

Sustainable and resilient cities should be focus of urban development An international conference here on Wednesday called for making the Indian cities “resilient” in the backdrop of climate change and taking care of the urban poor. “The urban poor are the most vulnerable to current climate variability such as regular floods and water shortage. Sustainable and resilient cities should be the focus of urban development,” D.B. Raju, executive vice-president (special initiatives),...

Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...