-The Business Standard   Finance Minister Pranab Mukherjee explained the government’s helplessness over inflation in the Rajya Sabha with great eloquence on Thursday. Much of what he said may have solid economic fundamentals, but the United Progressive Alliance (UPA) government cannot claim helplessness forever — not when the signs of the cracks it is creating in India’s rural prosperity are becoming so obvious. If any one thing that has protected the Indian...

Only in India does redistribution, which keeps the poor and marginalised out of the mainstream of the economy, pass for inclusive growth. In much of the rest of the world, inclusive growth would mean giving the poor and marginalised a direct stake in the economy with fast-growing industries and services absorbing them into gainful employment and, thus, making them true participants and partners in the growth process.  But in India, we...

In a face-off between advertisers and news broadcasters over the issue of the periodicity of reporting television rating points, the former has opposed the broadcasters’ proposal to have TRPs of shows move from a weekly to a monthly format. The News Broadcasters Association (NBA) last week had issued a letter to TAM, the body that measures television viewership in India, asking it to consider the option of reporting TRPs of programmes...

India is the worst among the six top Asian economies when it comes to the representation of women in the workforce at junior and middle-level positions, according to the Gender Diversity Benchmark for Asia 2011 report. “It performs only slightly better than Japan at senior level positions,” said the report released by Community Business, a non-profit organization focusing on diversity and inclusion in Asia. The report surveyed women at different levels across...

In a packed special court that hears consumer complaints, Hansraj Sharma nervously shuffled through a pile of papers that told the story of his decade-long battle against a car dealer and a bank. District and state-level consumer courts twice sided with Sharma, awarding him $800 for a shady loan scheme. But the defendants repeatedly appealed. Now, after 58 court appearances, his case still drags on. "They keep asking for adjournment on some...