Social priorities have received scant fiscal attention There is good reason to feel let down by this year’s budget for the advancement of social sectors. The disappointment is more given that the Union finance minister opened his speech by stating that “we are reaching the end of a remarkable fiscal year” and followed it up by immediate assertions that “growth in 2010-11 has been swift and broad-based”, that “the economy...

Is price rise going to be a permanent fixture because of India's high growth rate? This appears to be the argument put forward by the government's top economic advisers in the recently issued Economic Survey. It argues that historical experience shows that consumer prices increase faster in countries going through a fast growth phase compared to those with slower growth rates. But analysing inflation and growth data collected by the International...

This article documents and then examines the various benefits that, it is claimed, will flow from linking the Unique Identity number with the public distribution system and the National Rural Employment Guarantee Scheme. It filters the unfounded claims, which arise from a poor understanding of how the PDS and NREGS function, from the genuine ones. On the latter, there are several demanding conditions that need to be met in order...

Union Finance Minister Pranab Mukherjee made sure to defer to the Sonia Gandhi-led National Advisory Council's priorities as he presented the Union budget for 2011-2012 on Monday. The Minister took care to mention that the Food Security Bill, the NAC's top priority, was almost ready and would be brought before Parliament later this year. He also took on board the NAC's concerns on the Mahatma Gandhi National Rural Employment Guarantee Scheme...

The flagship programmes of the UPA government in the social sector have had little impact. Spending has been between 25 and 75 per cent in many schemes like the Indira Awas Yojana, the rural housing scheme, the rural electrification scheme and the rural health programme. Irrigation statistics have come under scrutiny. Some education initiatives have managed to achieve physical targets but several NGOs have raised issues concerning the quality. National Rural Employment...