Even as India once more self-declares its “arrival on the world stage” with a symbol for the Indian rupee, a global assessment presents a depressing picture of India’s actual economic performance. In a study whose conclusions were to be expected, the Oxford Poverty and Human Development Initiative (OPHDI) has revealed that an appropriate index of poverty (and deprivation) finds its incidence in India and elsewhere to be much greater than...

With the government readying to introduce a Bill in Parliament to modify the powers of the Comptroller and Auditor General of India (CAG) to include public-private partnership (PPP) projects, many project managers are close to gagging. The main reason behind why the public sector has not performed, they argue along with several in government, is the fear of the 3Cs — the CBI, the CVC and the CAG. Since almost...

Union finance minister Pranab Mukherjee Tuesday said that the government is committed to enacting the Food Security Act and that the financial implications of this will be known only after the Planning Commission determines the number of families living below the poverty line. He told reporters here that the act had two aspects - one to ensure availability of food to all and another to provide to BPL (below poverty...

THE fast-depleting groundwater levels and subsidised electricity supply to farmers in Punjab, Haryana and western Uttar Pradesh spell doom for agricultural productivity in the region regarded as the “Food Bowl of India”, and has prompted the government to turn its gaze towards the eastern region for fulfilling its food security ambitions. A background note drafted by the department of agriculture and cooperation (DoAC) for the two-daylong workshop on the theme...

India’s top grain-producers Punjab and Haryana will raise planting of basmati rice as floods have washed away the recently sown regular grades, farmers and trade officials said on Monday. Basmati rice can be planted late, but yields are much lower than regular grades, with farmers also having to face fluctuating market prices, unlike common rice grades that official agencies buy at fixed, attractive rates. “Paddy output will CERTainly drop this year. However,...