Technically, we know how to check the black economy but the problem is political. More studies or committees and treaties with foreign governments are only to stall action. Another Joint Parliamentary Committee has been announced. The government has been trying to create an impression of being proactive with regard to tackling the black economy. The President's address and the speech by Sonia Gandhi in January mentioned the need to curb it....
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UID and Public Health: Specious Claims by Mohan Rao
Among the many reasons cited for India to proceed ahead with the Unique Identification (UID) project -that it will facilitate delivery of basic services, that it will plug leakages in public expenditure and that it will speed up achievement of targets in social sector schemes - the most specious is perhaps the claim that it will help India reach her public health Millennium Development Goals (MDGs). Despite impressive economic growth in...
More »Jayati Ghosh awarded ILO prize
The International Labour Organisation's Decent Work Research Prize has been awarded to economist Jayati Ghosh and Professor Eve Landau. Dr. Ghosh, who teaches at the Jawaharlal Nehru University, is honoured for her major contributions to the analysis of socio-economic relationships and policy instruments for the advancement of decent work. The prize carries a cash reward of $5,000. Dr. Ghosh has also been invited to make a presentation at a special ceremony to be...
More »An indictment of the World Bank schemes by K Subramanian
THE WORLD BANK IN INDIA - Undermining Sovereignty, Distorting Development: Edited by Michele Kelley, Deepika D'Souza; Orient Blackswan, 3-6-752, Himayatnagar, Hyderabad-500029. Rs. 895. This book is a collection of essays covering an array of economic issues ranging from agriculture, poverty, food security, power, water, to governance, environment impact and sustainability of growth, and the impact of the World Bank on them. Even a cursory reading would show that it is a...
More »Rising Food Prices May Not Signal New Crisis by Aprille Muscara
As food prices rose for the seventh month in a row in January, contributing to recent popular unrest in the Middle East and a spike in commodities purchases by developing countries last week, some analysts are quick to make comparisons to the dry years of 2007-2008. But others warn against panic and oversimplified predictions of an impending food crisis, which contribute to price volatility. "It is important to underline – and we've...
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