A global scramble for land and mineral resources fuelled by billions of investment dollars is threatening the last remaining wilderness and critical ecosystems, destroying communities and contaminating huge volumes of fresh water, warned environmental groups in London Wednesday. No national park, delicate ecosystem or community is off limits in the voracious hunt for valuable metals, minerals and fossil fuels, said the Gaia Foundation’s report, "Opening Pandora's Box". The intensity of the...

The UPA government has widened the scope of its flagship Mahatma Gandhi National Rural Employment Guarantee Act (NREGA) to include works related to agriculture, animal husbandry, poultry, drinking water and sanitation.  In its initial avatar launched over six years ago, the NREGA was limited only to works concerning water and soil conservation, afforestation and land development. It was largely seen as a subsistence dole for the rural people in the lean...

Food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is competition and supply-side changes can occur. But in...

An average Indian uses less than half the amount of water consumed by an average American, but India is the world’s largest net virtual water exporter, using more domestic water resources for export products than any other country, says a study. India’s per capita Water Consumption is 1,089,000 litres per year, while the average US consumer uses 2,842,000 litres, but trade leaves India with a net virtual water export of 95,000...

The irrationality and waste in energy subsidies in India has been a perennial theme in analysis of the Indian economy and in reform prescriptions. Progress has, however, turned out to be elusive in the face of ground realities and feasible politics.  The power ministry, after struggling for over a decade through repeated exhortations, had the satisfaction of getting a resolution in a Chief Ministers Conference in 2001 that free supply of...