The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...
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Memories at public expense by Ramachandra Guha
Judging by the television news that night, May 20, 2010, was a day like any other — marked by natural disaster (a cyclone predicted for Orissa), violent rebellion (the blowing up of railway tracks by Maoists in Bihar), political partisanship (the insistence by Mamata Banerjee that the Union railways minister would be of her party even if she soon moved, as she hoped, to become chief minister of West Bengal),...
More »India’s blank spaces by Samar Halarnkar
‘Beggar type.’ Like most of us, Smita Jacob had never come across that pithy official phrase before. It’s a classification in the records of the police of New Delhi, India’s richest city, used to describe a dead homeless person whose death is too insignificant to investigate. The police are as sensitive as you and I to the cripple on the pavement, the child at the car window. They mean no...
More »Peasants in India by D Bandyopadhyay
In India peasantry is under assault. There is a five-pronged attack on this class and the mighty Indian state is sometimes an active and sometimes a passive abettor. The first point of attack is from the corporate sector. The corporate sector is in a land grab mode. Though not justified, one could understand their urge to get land for industry and real estate purposes. Not that they are causing aggressive...
More »Food subsidy bill likely to rise by Rs 6,000 cr in FY11 by Prabha Jagannathan
THE government will need to shell out Rs 6,000 crore more in food subsidy to support poor families under the proposed Food Security Act due to the revised estimate of the number of poor families in the country. Food subsidy will account for about 1.1% of the gross domestic product in the current fiscal year, compared with 0.9% last year, said a study by Deutche Bank. The Union budget has...
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