Eminent economist and Vice-Chairman of the Kerala State Planning Board Prabhat Patnaik said on Saturday that the euphoria in official circles over financial inclusion has risen because of the “systematic scaling down of institutional credit to the peasantry and other productive sectors in the last two decades”. Delivering the centenary lecture dedicated to the memory of Prabhat Kar, a pioneer of the trade union movement in the banking industry, Mr....

India has been ranked 67, way below neighbouring countries like China and Pakistan, in a new global hunger index by the International Food Policy Research Institute. The index, released on Monday, rated 84 countries on the basis of three leading indicators -- prevalence of child malnutrition, rate of child mortality, and the proportion of people who are calorie deficient. China is rated much ahead of India at the ninth place. The 2010 Global...

Considerable sections of the urban population may face serious food insecurity even while the urban economy grows. There is a need for urgent action on this front. Over the two decades of rapid growth of the Indian economy, the urban economy is generally perceived as having done very well. However, high urban economic growth need not by itself imply improved living standards for all urban residents. In particular, the recent and...

The Ministry of Rural Development is working on on several issues related to its most ambitious programme — the National Rural Employment Guarantee Scheme (NREGS). Six sub committees set up by the Central Employment Guarantee Council (CEGC), which was formed under the NREG Act (NREGA – the law enacted to implement the NREGS programme), have raised questions on issues ranging from the utility of work done through NREGS to transparency,...

Canada hosted this year’s G-20 and as a follow-up it had a conference for Speakers of Second Chambers—or of unicameral ones where relevant—from September 2-5. The theme was Food Security and Financial Crisis. The burden of the speeches was predictable. Food security for most people is about agriculture and its protection. It is about food production and everyone wished they could grow more food. Others took a neo-Malthusian line that the...