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These food subsidies inflate prices


Why is it that large expenditure on food subsidy in India does not achieve more in reducing undernourishment? At a New Delhi public hearing earlier this year, Dr. Amartya Sen addressed this question.




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A depressing flavour


Globalization has hit the Indian tea industry's fortunes hard. With brokers and buyers in apparent collusion workers bear the brunt, reports Ranjit Devraj.




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The rise of India and WSF


It will be a mistake to view the WSF merely as a platform for those dispossessed and displaced by market-driven globalization, says Rajni Bakshi.




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Financing inequality and impunity


World Bank funding of development projects in Andhra Pradesh is criticized by rights activists in the state who argue that conditions for the poor are worsening.




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Business for benefit


infraSys, a development-driven enterprise that creates physical, financial, and knowledge infrastructure in rural areas.




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Thanjavur : summer of discontent


The Thanjavur region in TN is currently an economy in distress. Lalitha Sridhar captures the voices, concerns and the many questions.




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Defence or development?


Colonel Pavan Nair studies the allocations for defence and development efforts, and asks what's needed to reach even the modest standards of Brazil or Sri Lanka.




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Money for nothing


An audit of construction contracts handled by the Rajasthan irrigation department finds that expenditure often exceeds budgets and bypasses rules. Himanshu Upadhyaya reports.




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Shifting designs


M P Ranjan suggests pro-active design and dynamic institutions for craftspersons to cope in a rapidly changing world.




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Tsunami hit saltmakers suffer govt silence


45 km south of Nagapattinam, the 26 December tsunamis washed away thousands of tonnes of stock salt at the Vedaraniam salt pans, filled them with debris and black silt. With government relief coverage withdrawn and the start of the season missed, manufacturers are in despair. Krithika Ramalingam reports.




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Salvaging VAT's left


The first few weeks of the Value Added Tax have been shaky, with traders and some states threatening to bring down the whole system. Economic pundits too are angry at the diluted focus of India's version of the VAT. But the method has merit, and must be persisted with, notes Dinkar Ayilavarapu.




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The hamaal: weightlifter or pack mule?


In Bilaspur's Saturday vegetable market, loaders complain of interminable waits each day to receive payments as low as Rs 5 from traders and vendors. In this fourth article in our SLUM DIARIES series, Ashima Sood notes that a plethora of labour laws are being flouted, with Chhatisgarh's minimum wages schedule not helping.




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The enterprising labour of small vendors


The vendors and hawkers of the Chingrajpara slum in Bilaspur are the lynchpin of the slum’s homespun economy. In this seventh article in our SLUM DIARIES series, Ashima Sood notes that operating on small capital outlays, these petty retailers offer a humbling portrait of entrepreneurship in action.




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Less scrutiny of PSUs planned


Financial audits of public undertakings can be conducted as in other firms, but how about audits of their administration? Himanshu Upadhyaya observes that the government's move to limit the CAG's mandate confuses financial scrutiny with oversight of governance issues, and the public auditor's role in the latter function is still vital.




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Weeds of hope


Found abundantly along the coasts of the country, seaweeds offer the potential to help meet nutrition and food security needs, and also hold other advantages in medicine and farming. But technology, labour and quality issues impede the realisation of this potential. Prayukth K V reports.




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Mindful markets


Today there is much more space for the idea that we can succeed in the market-place as social and moral beings not merely as slaves to some supply and demand curves, says researcher Rajni Bakshi, author of Bapu Kuti. She spoke on socially responsible investing at the National Stock Exchange, Mumbai, on the NSE Annual Day, October 21st, 2005.




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Micro credit gathers force


There is now mounting hope that micro finance can be a large scale poverty alleviation tool. Banks too are shedding their old reluctance to lend to the poor, and are looking to tap the expertise of micro credit groups to create a new market. Ramesh Menon reports on the status quo and the challenges ahead.




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Low cost rural houses from local materials


A traditional rural residence is almost always based on adaptations to the local environment, and is often built with the labour of the villagers themselves without the need for external mechanised inputs. Surekha Sule reports on the Rural Building Centre, a NIRD initiative showcasing several such homes.




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Too little, for too long


Minimum wage regulations continue to defy the very meaning of what the wage is for. The original premise - wages for people to live with minimum level of economic security, as well as dignity - is gone, its spirit lost in myriad variables that rise from states, sectors, bureaucracies and notifications. The India Together editorial.




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An independent voice for workers


With their long history of affiliation to political parties, unions have been unable to articulate the interests of workers independently. Also, a narrow understanding of labour has made them irrelevant to the majority of workers in the unorganised sector. A new formation proposes to tackle these failures. Aparna Pallavi reports.




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A floundering trade


Kerala's fisheries sector is heading for deep crisis. The sector is already in troubled waters due to over exploitation of marine wealth, unbridled mechanisation and debt traps. Now the clouds of impending import of fish are further darkening the horizon. M Suchitra and P N Venugopal report.




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Bt: Flaky results, pre-determined consensus


Can transgenic cotton ever be a livelihood security measure for the majority of India's small-holder farmers? Keya Acharya is circumspect. She says that the Bt cotton story in India is one of confusion. Bt appears more to favour 'rich' farmers, who have access to water, better resources, and alternative support.




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Thirty years with a load of fish on her head


Crores of taxpayer rupees are spent by government institutes each year on fisheries technology and research. How much does this impact the lives of the average fish hawkers who vend on foot? Is there any impact at all? M Suchitra visited one Kerala hawker, at a coastal village near Kochi.




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More self-goals by the PFC


After three years after a loan disbursal to the Jindal Thermal Power Company Ltd. (Jindal) for a power project in Karnataka, the public-sector Power Finance Corporation has drawn flak from the Comptroller and Auditor General for having offered undue benefits to Jindal and causing a loss of Rs.13.48 crores to itself. Himanshu Upadhyaya digs deeper.




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Training the millions left behind


Vocational training could play a key role in bridging the gap that keeps millions of workers in the unorganised economy away from a better future. The needs of informal sector workers are complex, and mere training for income-generation is seen to be insufficient, writes Varupi Jain.




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A storehouse of untapped potential


A majority of poor and low-income workers, especially women, are not aware of how to secure their own income using basic skills. Often, they are clueless about using the skills they have tacitly acquired. Varupi Jain on the starting point for development efforts that aim to help them tap their own potential.




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Jobs, skills, shortages and future-proofing


India has only 5,100 Industrial Training Institutes and 1,745 polytechnics compared to 5,00,000 similar institutes in China. The USA boasts of 1500 trade training programmes compared to India's 171. A national conference in Delhi this February recommended measures to bridge the yawning gap between growth and jobs, reports Varupi Jain.




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SEZs: A history of injustice and abuse


The origins of today's law for land acquisition for SEZs act can be traced to 1824, when the British colonial power felt the need to codify the undisguised forcible seizure of land. While colonial rule has long gone, the unjust application of the principle of eminent domain remains, writes Kannan Kasturi.




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Villagers protest plans for salt factory


Against the wishes of the local people, and even the State government, a salt factory is proposed to be established on land that has been used freely by 20,000 villagers for decades. In the face of shifting politics, the residents are determined that they will protect their livelihoods. Aparna Pallavi reports.




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Too much fruit, too little bounty


As the heaps of pineappples grow bigger, prices will go down drastically from Rs.5 to Rs.2 and finally to 50 paise per pineapple, says Priyalal Sharma, a Tripura grower, who has also started rubber plantation in some portion of his land. Ratna Bharali Talukdar reports.




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From snow ball to coconut lassi


This Kochi's couple's one-year-old enterprise is perhaps the only serious attempt to market snow ball tender coconut so far. And in their response to irregularity of supply, they introduced the coconut lassi. Shree Padre has more.




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World Bank's CAS: The forward march of failure


The newly announced country assistance strategy for India is the continuation of what the World Bank has been pushing in this country and elsewhere in the last 15 years or so years, with nothing to show for it, writes Shripad Dharmadhikary.




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Making sense of the rural rush


The list of new products that corporate India wants to attach the 'rural' tag to has grown quickly. What is at stake here is more than the survival of India's ambitious, if creative, consumer goods manufacturers, writes Rahul Goswami.




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Inflation: perception and reality


There is an urgent need for reliable and transparent consumer price indices that covers the large majority of Indian families, from the poorest upwards. Kannan Kasturi reports.




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Meet on quality of growth and inclusive development


A conference on September 14-16 this year at New Delhi will bring together political decision makers, representatives from entrepreneurial associations and corporate partners, and civil society to discuss growth in Asia. It is backed by Germany's Federal Ministry for Economic Cooperation and Development, and the Planning Commission of India.




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A canal of misery


The 260-km Sharda Sahayak canal took 32 years to complete, and cost almost 20 times the original estimate. It irrigates only half the area it was supposed to, and has created untold suffering along its path. Puja Awasthi reports.




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Manufacturing a policy


The government's new plans to boost manufacturing in the country look quite similar to its earlier promises made when SEZs were set up. But there are a few lessons to be learned from that experiment, writes Kannan Kasturi.




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RBI frees deposit interest rates


With its recent move to let banks determine their own rates of interest paid to savings account holders, the Reserve Bank of India opens up new turf in the battle between banks for consumers.




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Where woodcraft is a way of life


Art blends with life through the tradition of woodcraft in Etikoppaka, but the need to sustain livelihoods is ever-present. Neeta Deshpande reports.




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Growing business at the bottom of the pyramid


It is tempting to take a rosy-eyed view of the future of successful entrepreneurship at the BOP. But what is the picture really? Richa Govil takes you through some recent stories and the lessons they may hold.




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Who profits? Who pays?


While government and other sector actors are on the alert to address the power crisis, some find a business opportunity in it. Meanwhile, attention to rural supply continues to be low, write Sreekumar N and Shantanu Dixit.




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Founders would have wanted inheritance tax restored


Given our Constitutional mandate to "endeavour to eliminate inequalities in status, facilities and opportunities," Shankar Jaganathan explains why reintroduction of the Inheritance Tax may be a step worthy of serious consideration.




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Professional or mercenary?


The relationship between professionals such as doctors, lawyers and teachers and the society they serve is increasingly and radically changing. The reasons behind the same, however, may go deeper than the obvious mercenary tendencies of the former. Shankar Jaganathan ruminates.




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Beware of disaster profiteering


In view of the usual thrust on packaged food distributed in the name of relief and rehabilitation in the aftermath of any disaster or human crisis, L S Aravinda warns against the tendency to sell out local food traditions to the industry.




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Humble jackfruit eyes haute cuisine status


Of the abundant quantities of jackfruit grown in India annually, an estimated 70 per cent rots away, due to lack of awareness and difficulties of usage. Now, a joint initiative by an academic institute and a farmers' group seeks to change that. Shrikrishna D reports.




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Death knell for music?


The recent closure of a landmark music store in the heart of Calcutta is symptomatic of the larger malaise afflicting the music industry. Shoma A Chatterji reports from a gathering of local luminaries to protest the rising menace of piracy in music.




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Why I root for right to food, for all


While the government's food security scheme has come under attack by many for its economic non-viability, Shankar Jaganathan argues that it may actually be both desirable and feasible if its reach is expanded.




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Irreconcilable differences : The Right-Left Divide in Economics


The recent clash between two eminent economists of our times, Amartya Sen and Jagadish Bhagwati, appears to be centred around the Food Security Bill. Shankar Jaganathan provides a historical context to show why their contradictions extend far beyond any isolated issue to a clash between two schools of the discipline itself.




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Greening the finance sector


With the paradigm of projecting profits as the sole end of business steadily on the wane, Darryl D'Monte reports on developments in the Indian financial sector that indicate a growing thrust on sustainability and social responsibility.




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Should there be a Nobel for economists?


Winner of the 2013 Economics Nobel, Robert J Shiller adds the latest perspective to a long-standing, heated debate on whether Economics can be called a science at all, and if it merits the prestigious award. Shankar Jaganathan recounts the many points of view on the subject.