-The Indian Express The prime minister's Jan Dhan Yojana (JDY) is, in many ways, an improvement over previous financial-inclusion schemes. And with an aggressive target to cover 15 crore households with basic banking services, including an overdraft facility, debit card as well as accident and life insurance cover, it is the most ambitious attempt yet. However, to achieve its promise, the JDY needs to focus on implementation. As suggested by the...
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Don’t blame MSP for inflation -Amartya Lahiri
-The Indian Express Ill-thought-out assertions about the efficacy of monetary policy can unhinge private expectations of inflation. The Indian Express recently published two articles by Surjit S. Bhalla on the subject of inflation in India (‘Where monetary policy is irrelevant', September 13 and ‘RBI, we have a problem', September 20). Bhalla's central thesis is that inflation in India is primarily driven by changes in the minimum support prices (MSP) for agricultural goods....
More »Money in black -Varghese K George and Pheroze L Vincent
-The Hindu Corruption in India has undergone a qualitative shift from the days of licence Raj to the era of liberalisation. Opportunities for making money have come in handy for politicians, who were also dealing with a new political situation of fragmentation and instability. In the days leading to the 2008 Assembly election in Karnataka, slum-dwellers in Bangalore were startled to see small bundles flying in through their windows at night. The...
More »Too many hungry stomachs -Jose Graziano da Silva
-The Hindu Business Line India's experience will help it lead the charge on hunger and food security worldwide Can India defeat hunger and malnutrition? It's a question that's been asked many times and at the United Nations Food and Agriculture Organization (FAO), we are confident that the answer is not only "yes it can", but that India, a founding member of FAO, can play a leading role in eradicating hunger worldwide. Following Independence...
More »The new young -Sonalde Desai
-The Indian Express Exposure to television and digital media grew by leaps and bounds between 2005 and 2012. From Naxalbari to the Arab Spring, our popular imagination has seen the youth as the harbinger of revolution that breaks down the bastions of privilege. How do we reconcile this with the decisive victory that modern Indian youth have handed to the BJP, whose manifesto focused on entrepreneurship rather than redistribution? I would like...
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