If the Unique Identity project is such a good thing why is the man heading it unable to answer simple questions about it? Since the publication of his doorstopper of a book Imagining India in 2009, Nandan Nilekani has done a superb job of reinventing himself. The former head of software giant Infosys Technologies was overnight cast in the role of a visionary with his unabashedly free market prescription to turn...

Senior United Nations officials today called for urgent steps to rein in the rising prices for basic farm produce, petroleum and raw industrial materials whose volatility hits the world’s poorest people the hardest.     “Such volatility has huge negative impacts on vulnerable groups, such as low-income households in developing countries, for whom food expenditure can account for up to 80 per cent of household budgets,” UN Conference on Trade and Development...

The state government will open 583 foodgrain banks at villages across Jharkhand and provide grains to every below poverty line (BPL) family immediately. Food and civil supplies minister Mathura Prasad Mahto said this today after a review of the district under North Chotanagpur commissionerate, where he instructed officials to check hoarders and prevent hunger deaths by supplying foodgrain free of cost to the poor. The minister said the government had also decided...

Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...

Microcredit lifted 10 million Bangladeshis out of poverty between 1990 and 2008, according to a report. The work of Grameen Bank and others helped many families to raise their income above $1.25 a day, said the US-based Microcredit Summit Campaign. The study follows recent criticism of microfinance, which works by providing small loans to people to invest in generating their own incomes. Some experts argue the report may have missed the bigger picture. They...