IntroductionII Part I Risk Philosophy and Rural Credit 1. Risks, Uncertainties and Rural Credit in Indian Agriculture 19 Part II Agriculture and Inclusive Growth 2. Centrality of Agriculture to India's Economic Development63 3. The Unaddressed Agenda of Development73 4. Redefining the Approach to Poverty Reduction and Development . 85 5. First Principles of Foodgrains Management .. 95 6. Redrafting the Agenda for Agricultural Development 101 7. Watershed Development: Mother of All Water Management Modes .. 109 8. Rural Employment: Beyond Monetary and Fiscal Arithmetic117 9. Millennium Development Goals and Development Policies 121 10. Unequal Partners in Development127 Part III Banking and Finance 11. The Rising Rupee and the Forex Reserves .. 137 12. Two Faces of Banking Sector Reforms .. 141 13. Monetary Policy: January 2006: Containing Inflationary Forces 151 14. The Budget for 2006-07 and the Bankers 155 15. Monetary Policy: April 2006: Forewarning Hardening of Interest Rates .. 161 16. Credit Policies and Financial Inclusion . 165 Part IV Development Perspectives 17. CEO Salaries: Don't Bank on Peanut-Monkey Logic 18. Delusions of Grandeur 177 19. Investing in Education? 181 Yes, But What Sort of Education?185 Index189