While the recent sporadic performance of the Indian manufacturing sector has justifiably evoked both concern and comment, another well-documented facet has not received commensurate attention. Organised sector manufacturing in India turned capital intensive in the 1990s and the trend continues inexorably. Research by Business Standard indicates that India Inc added over Rs 13 trillion in fixed assets over the past decade, with over 80 per cent of this accretion since...

Food inflation dropped sharply to 13.07% for the week ended January 29 from 17.05% in the previous week. According to data released by the ministry of industry and commerce on Thursday food inflation declined to a seven-week low due to decline in the prices of pulses and potatoes. On an annual basis, prices of potatoes declined 8.87%, while pulses fell 8.63% and wheat by 3.58%, the government data said. Although the...

Nitish calls for balanced view on proposed plant in Chainpur Agitators allege misinformation on perceived hazardous fallouts of proposed plant “17.8 acres of land acquired to set up the factory is cultivable, fertile” Taking note of the mounting public uproar against the proposed asbestos factory at Bishnupur-Chainpur village in Muzaffarpur district, Bihar Chief Minister Nitish Kumar on Monday said “there was no ban on setting up asbestos factories in India.” Mr. Kumar, however, said...

Former Army chief General Deepak Kapoor, now in the dock over the Adarsh housing scam besides a series of other defence land scams, has been denied an honorary doctorate that a Central government-run university wanted to confer on him. A Right to Information (RTI) application filed by The Indian Express has revealed that while the Indira Gandhi National Open University (IGNOU) had submitted a proposal seeking to confer an honorary doctorate...

The present situation is different from that of 2007-2008, although recent climatic events may significantly reduce agricultural production next season. Must history always repeat itself? We are indeed on the verge of what could turn out to be another major food crisis. The FAO Food Price Index at the end of 2010 returned to its highest level. Drought in Russia and the export restrictions adopted by the government, together with...