world news

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.




world news

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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Looking beyond the chicken's neck


The economy in the North East is still largely based on subsistence-oriented farming. There is plenty of frustration arising out of inability to meet modern aspirations. What are the options for people to engage in productive work and earn more money? Surekha Sule has more.




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Tender coconut juice, instantly chilled


Moments after a customer approaches this cart, the vendor pours tender coconut juice into a funnel-like part. Chilled juice comes out of a stainless steel tap below, filling a 250 ml glass, for Rs.10. Shree Padre reports about Fruit Hut Beverages, a Hyderabad-based firm that has launched the Coco Fresco brand.




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Carts, kiosks and Indian retail


A number of implicit and explicit constraints influence the extent to which carts and kiosks work as avenues of creative entrepreneurship. Varupi Jain compares the Indian scenario with that in the US, and notes cultural and social realities that shape the Indian experience.




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India's investment opportunities in sustainable business


A new report from TERI, the first of its kind for India, argues that compliance with environmental, social and governance criteria would better differentiate Indian stocks in comparison to issuers from other emerging markets for high quality investors. Rajni Bakshi has more on why India must care.




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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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Tripura taps the rubber economy


A persistent push to develop large-scale rubber plantations as a livelihood alternative to slash-and-burn cultivation by tribals has resulted in a major economic upswing in Tripura. With market prices for rubber well above sustenance levels, the future looks bright too. Ratna Bharali Talukdar reports.




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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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Wanted: talented young to match jobs galore


The Indian economy is creating millions of varied job opportunities. Despite this, scores of educated youth are not readily employable and face a grim future. Companies are struggling to find and retain talent. Ramesh Menon on the challenges.




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Power to the rich, literally


A new policy framework for hydro-electric power seems to have given confidence to private corporations to enter the sector, with a large number of mega projects lined up. But the same policies raise critical questions in relation to equity and access, writes Shripad Dharmadhikary.




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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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India's coal-to-liquid push short-sighted


New Delhi recently allocated three blocks of coal in Orissa for projects that will produce liquid fuel from coal, in an attempt to increase oil supply. The decision appears to have overlooked a number of critical considerations, say Ananth Chikkatur and Sunita Dubey.




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Artisanal weavers struggling to survive


India has made cotton fabrics for 20 centuries, and its scale in India was unimaginable. But modern market structures have pushed millions to the edge, and a few intense efforts, such as those of Dastakar Andhra, are not enough to reverse this. Darryl D'Monte reports.




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PPPs: Tall claims, but little evidence


The many arguments offered in support of Public Private Partnerships don't stand up to close examination. The private sector is not more efficient than its public counterpart, nor is cheap money accessible to it as readily, write Shripad Dharmadhikary and Gaurav Dwivedi.




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SEZs: engine derailed?


The lack of economic activity in most SEZs leads to the suspicion that many were incapable of attracting economic production units in the first place. The rush to 'denotify' them only reinforces this, writes Kannan Kasturi.




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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.




world news

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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Kerala crisis prescription: unconvincing, no rigour


It is nobody’s case that there is no crisis. But when remedies are prescribed, the diagnosis and the investigation have to be beyond dispute. P N Venugopal critiques a report from the Centre for Development Studies, Thiruvananthapuram.




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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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Kerala going greener


Apart from its high literacy rate, richer natural resources, and green public consciousness, the Kerala Government's decision to go for a green budget this year makes this tiny southernmost state a model to look up to. Darryl D'Monte has more.




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Untying the states


States are demanding a higher share of tax revenue from the Centre, citing the need for development funds as well as flexibility in spending money according to local priorities. Sunil Jain reports.




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Plugging the skills gap


There is a great shortage of people with employable skills. But vocational training is neither popular nor seen to be offering good job options. The challenge is to overcome this perception, writes Megha Aggarwal.




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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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Albert Pinto's missing anger


In the old days, government was responsible for controlling inflation. Now if you feel the pinch of inflation, you have to fend for yourself, and especially because everyone is so busy looking after you, writes Pratap B Mehta.




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MGNREGA payment woes: bad to worse?


To check corruption under the MGNREGA, the Centre is routing funds through banks and POs. But this has resulted in delayed payment and loss of faith in the system among people. Pradeep Baisakh argues the case for the earlier cash payment system.




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Living with 'installments'


Many micro-credit loans do no more than allow a family to juggle its finances for a month-to-month existance. As investors embrace this 'market', MFIs are increasingly under scrutiny. Jaideep Hardikar reports.




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Cooking the dam books


In theory various rules govern the use of AIBP funds to execute projects. In practice, as the CAG reminds us, money is liberally diverted, and the States and the Centre both look away. Himanshu Upadhyaya 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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Moving in, staying out


A massive tide of migration to metropolitan areas is changing the form and function of cities before our eyes, but not always in the manner that planners expect.




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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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Oil subsidy is all gas


Far from subsidising the public, governments made the aam admi bear a substantial part of their expenditure on the production and sale of fuels, writes Kannan Kasturi.




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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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The key to the handloom crisis


The principal contribution of the Malkha initiative is in its idea of rooting cotton handloom production in the rural economy, much against the trend in urban discourses. Neeta Deshpande reports.




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Why ants didn't win the Nobel prize


In his latest book, The Wisdom of Ants: A Short History of Economics, with numerous revealing historical arguments and anecdotes, Shankar Jaganathan traces how economics emerged from being a relatively obscure field to a structured discipline that may be used to explain the basis for every aspect of human life and society, writes Satarupa Bhattacharya.




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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.




world news

BUDGET: Why more taxes may be good


It is time for the Union Budget 2013. Shankar Jaganathan argues why, in an economy such as India, despite the general public vote against taxes, raising the tax-to-GDP ratio is more critical than restraint in fiscal spending.




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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.




world news

Corporate interests rise above all


Despite privatisation in the power sector, consumer interests are professed to be safeguarded through competitive processes and independent regulatory authorities, but a recent order in favour of Adani Power Ltd. dents such assertions. Shripad Dharmadhikary analyses the implications.




world news

Ballia: Chasing elusive dreams


Lack of development and unmet aspirations in India's villages and small towns not only raise the pressures arising from rural-urban migration, but also trigger an overall sociological malaise that is so difficult to dispel. Puja Awasthi reports from Ballia in eastern Uttar Pradesh, a stark example.




world news

When a legend returns


The appointment of NR Narayana Murthy at the helm of affairs in IT bellwether Infosys may have raised the prospects of its economic revival, but has broader implications related to corporate governance. Shankar Jaganathan explores the likely impact.




world news

Seaplane grounded!


The Kerala government's pet 'Seaplane' project, initiated with minimal homework and impact assessment, has run into stiff opposition from environmentalists and local communities. P N Venugopal reports on the developments.