WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...

The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...

This is a budget crafted for, and perhaps by, the corporate farmer and agribusiness. The real heroes of India's success story were our farmers. Through their hard work, they ensured “food security” for the country.— Pranab Mukherjee, interim budget speech Feb. 16, 2009 This Budget belongs to 'Aam Aadmi'. It belongs to the farmer, the agriculturist, the entrepreneur and the investor. — Pranab Mukherjee, budget speech, Feb. 26, 2010 Gee! Another pro-farmer budget....

Violence in West Bengal’s western districts has reached crisis proportions. Each day, one or more cadre member or sympathizer of the Communist Party of India (Marxist) [CPM] is killed either by Maoists or the Trinamul Congress (TMC). The Maoists have found common cause with the TMC, a breakaway from the Congress Party in Bengal. Mamata Banerjee, whose authoritarian populism draws from both Juan and Evita Peron, leads the TMC. Backed...

Post-independence policies have taken away all securities of the small farmer Historically, compared to other developing economies, India has had relatively smaller agricultural land-holdings. Mixed farming and animal tending was the backbone of small and marginal rain-fed agriculture. Diverse food crops along with animal produce ensured relatively balanced nutrition. But policies in independent India reduced diversity while increasing the market dependence of small farms. Small farmers became victims of policies favouring...