Larry Summers, the recently departed Chairman of US President Barack Obama’s National Economic Council, posed the following question before his trip to India last November: “What is the self-perception of the Congress as a political party?” In fact, this broad question provokes three specific ones in the domain of economics. Is the Congress the party of Jagdish Bhagwati or Amartya Sen; Nehru or Indira Gandhi; or Aruna Roy or Nandan...
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Budget 2011: Pranab focuses on social sector
Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said that the development needs to be more inclusive while announcing increased outlay on social sector schemes. "Total food inflation is down from 20.2 per cent last year to 9.3 per cent...
More »Food nod to Team Sonia by Radhika Ramaseshan
The budget is a “mixed bag” for the Sonia Gandhi-LED National Advisory Council, said members. It promises to bring in the National Food Security bill that the Congress chief hopes will signpost UPA-II’s continuing commitment to social and economic inclusion in the way that the Mahatma Gandhi National Rural Employment Guarantee Act did UPA-I. But finance minister Pranab Mukherjee’s restatement of the Centre’s position on indexing MNREGA wages to the consumer price...
More »Sonia's NAC prevails over govt on RTI, Forest Rights Act by Subodh Ghildiyal & Himanshi Dhawan
The Sonia Gandhi-LED national advisory council (NAC) has won decisive victories in keeping at bay the governments attempt to regulate right to information and ensuring the pro-tribal Forest Rights Act is made more effective for its intended beneficiaries. On the national Food Security Act -- the third bone of contention between the government and NAC -- the Council at its meeting on Saturday held its ground and advocated a staggered...
More »NAC won't go back on its food Bill by Smita Gupta
An aggressive National Advisory Council (NAC), emboldened by the recent appointment of a “friendly” Food Minister, took a formal decision on Saturday to finally go ahead with framing a food security Bill based on its own recommendations, though they were disfavoured by the Rangarajan panel, set up by Prime Minister Manmohan Singh. While the Sonia Gandhi-LED NAC wants 75 per cent of the population, divided into the priority and general categories,...
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