The mainstream projections about India’s economic trajectory talk of how the country’s GDP will exceed that of Japan (whose economy today is more than thrice India’s size) by 2020. A large part of this sustained growth, it is assumed, will come from what is called the demographic dividend. India’s young and growing workforce, the standard argument goes, will ensure that the country’s wage rates keep it competitive for a long...

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...

Unfettered coal mining is causing unchecked underground fires that threaten human habitation and the environment, writes geologist Dr Nitish Priyadarshi. The haunting inscription that marks the gates of hell in Dante's Inferno could well be true for Jharkhand. For, the underground fires that have been raging in the coalfields of this state over several years are now beginning to engulf its thickly inhabited areas as well. An underground mine fire that has...

The Supreme Court on May 7 ruled that natural resources were national assets that belonged to the people and were ideally exploited by public sector undertakings. This obviously implies that local communities, including tribals, living on mineralised land, enjoy entitlements but not prescriptive ownership rights to such national assets. This is an important reiterative clarification defining mineral rights in Fifth Schedule areas that are currently in contention. Whether PSUs should...

Population growth seems to have dropped off the public agenda these days. One reason for this is a twist in the old Malthusian argument that sees the rising proportion of persons of working age as a positive for growth. This shift in the age-distribution, it is argued, will stimulate savings as pressure on household and public budgets for the needs of dependent children comes down. Young workers are assumed to...