An innovative mechanism to save farmers from exploiting traders, which India implemented as a national model in the 70s, is now being blamed for rising vegetable prices.     Agricultural produce marketing committees (APMCs) have become archaic and vegetables and fruits need to be taken out of these local market hubs, analysts say. “They have turned into platform for hoarders, rather than a buyer-seller platform,” farm expert Sompal, who was formerly union agriculture...

Scenario I: An illiterate person walks into an ATM, utters his password in Bhojpuri to withdraw money. Or a labourer working under the National Rural Employment Guarantee Act (NREGA) speaks his voice signature to mark his attendance for the day. Scenario II: The door at a top-secret Indian defence establishment open son a voice recognition system that allows only certain officials access to the premises. If you think this is stuff out...

As part of its financial outreach programme in tune with national priority, city-based private sector Karnataka Bank Limited is all set to launch KBL-Empower Biometric smart card  at Babbur in Hiriyur taluk of Chitradurga district on Wednesday. P Jayarama Bhat, managing director of the Bank, will launch the card in the presence of Range Gowda, CEO, Chitradurga ZP who will distribute the card to the beneficiaries. With this, the bank is...

A businessman I know was approached by representatives of a leading Indian national newspaper and offered a deal: Give us a stake in your company, and we’ll give you advertising space and favorable editorial coverage. A publisher told me that she received a similar proposition: Pay us, and we’ll interview your authors and write features about them. Sushma Swaraj, the parliamentary leader of the Bharatiya Janata Party, has said that...

Around two decades ago, Lawrence Summers, then World Bank chief economist, outraged many when he argued in an internal memo that the economic logic behind dumping toxic waste in low-wage countries was “impeccable”. His rationale: less developed countries are “under-polluted” and that “foregone earnings from increased morbidity and mortality” would be lesser in countries with lower wages. Cut to now and the thing to ask is: does India too believe...