HETA, India – At the entrance to this village in India’s eastern state of Jharkhand, a large pond glistened under the bright autumn sun. Yellow and blue lilies surrounded it. A tailor was stitching clothes outside his shop while a few boys nearby were playing carrom on the lid of a rusted oil barrel. It was a tranquil, rustic setting – a candidate for a landscape painting, it seemed. But it...

The finance ministry has asked public sector banks to devise products for Indian farmers to ensure they get adequate funding in emergencies. The government, the majority owner of such banks, wants them to roll out products such as emergency loans to farmers that will be linked to savings accounts, a weather index-based insurance product, and set up a credit guarantee fund that will aid farmers in the event of crop losses...

The northern region of Gujarat State in western India is semi-arid and prone to droughts, receiving almost all of its rain during the monsoon season between June and September. But for the past three decades, many crop and dairy farms have remained green—even during the dry season. That's because farmers have invested in wells and pumps, using massive amounts of electricity to extract water from deep aquifers. The government has artificially propped...

As the government aims to cut subsidies to less than two per cent of the gross domestic product (GDP) in 2012-13 and 1.75 per cent over the next three years, several analysts believe the subsidy amount on the proposed food security law may not allow it to come into effect or be contained. Planning Commission member Abhijit Sen tells Dilasha Seth various subsidy figures on food security quoted by the...

Which is more important in human life: money or happiness? Can money buy happiness? According to the tiny Himalayan nation of Bhutan, the time has come for the world to pay closer attention to this age-old question. "We are starting a global movement on this issue," Jigme Thinley, the prime minister of Bhutan, told IPS after a high-level meeting on "Happiness and Well-being: Defining a New Economic Paradigm" held at United...