The rapid growth of emerging economies has led to a shift in economic power: forecasts based on analysis by late economist Angus Maddison suggest that the aggregate economic weight of developing and emerging economies is about to surpass that of the countries that currently make up the advanced world. According to Perspectives on Global Development: Shifting Wealth, a new publication from the OECD Development Centre, the economic and financial crisis is...

While it may appear paradoxical that at a time when the government is fighting inflationary pressures, it has chosen to hike the minimum support price (MSP) for foodgrains, the reality is that prevailing market prices for almost all foodgrains, oilseeds and cereals are way above even these newly announced prices. Therefore, despite the substantial hike in MSP for kharif crops, especially for pulses, the impact on both market and farmers’...

India has the most inefficient bureaucracy in Asia and red-tape is much worse than in China, says a survey. In the ranking of 12 countries, India has been named as having the most inefficient bureaucracy followed by Indonesia and the Philippines, according to the survey of expatriate business executives conducted by the Hong Kong-based Political and Economic Risk Consultancy (PERC). Quoting the consultancy, news agency AFP has reported that bureaucratic red-tape is...

The cotton growing area is expected to increase by at least 10 per cent during this season because farmers are getting Rs 3,200 per quintal while the Cotton Corporation of India has fixed the minimum support price at Rs 3,000 per quintal. During last year, cotton-sowing area in Andhra Pradesh was increased to 34 lakh acre from 32 lakh acre. This year, it is expected to increase to 38 lakh acre....

The task of providing water where needed is becoming increasingly difficult across the world. Countries have, in recent decades, been investing in infrastructure designed to alleviate water shortages. But the response has, for the most part, overlooked the problem posed by the deteriorating state of aquatic resources. If the growing crisis is to be effectively addressed, water use needs to be linked with environmental care. In many places, even where water...