The economic crisis, the ecological crisis and the food crisis are a reflection of an outmoded and fossilised economic paradigm. It is a paradigm that grew out of mobilising resources for the war by creating the category of “growth”. It is rooted in the age of oil and fossil fuels. It is fossilised because it is obsolete, a product of the age of fossil fuels. If we have to address...

-Daily News Asia's rapid growth is leaving millions behind, causing a widening gap between rich and poor that threatens to undermine the region's stability, according to a new report from the Asian Development Bank (ADB). "Another 240 million people could have been lifted out of poverty over the past 20 years if inequality had remained stable instead of increasing as it has since the 1990s," said ADB's Chief Economist Changyong Rhee. The Asian...

With regional disparities, the target of four per cent agricultural growth remains elusive The importance of agriculture in the Indian economy becomes quite clear just before the monsoons. Though other sectors contribute a greater share to the national income, more than three quarters of India’s rural population is still dependent on agriculture as the primary driver of income. India has come a long way from an era of vulnerability to food shortages...

Deng Xiaoping, the architect of modern China, had a sharp, snappy way of putting across what he wanted to say. Some of his eminently quotable quotes include: “It doesn’t matter if the cat is black or white so long as it catches mice” and “Poverty is not socialism. To be rich is glorious”. But there’s another, less well-known and even more controversial quote also attributed to him: “Let some people...

-PTI The Gross Capital Formation (GCF) in the agriculture and allied sectors in the country rose by 87 per cent to Rs 1,42,254 crore in the 2010-11 fiscal as compared to 2004-05, an official statement said today. "As per annual report of the Department of Agriculture and Cooperation for the year 2011-12, GCF in agriculture and allied sectors in 2010-11 was Rs 1,42,254 crore. It was Rs 76,096 crore in 2004-05," it...