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...

Much of the daylight robbery in the name of Commonwealth Games has been justified in the name of "National Prestige" and "World class aspirations. Whether all these surreptitious measures will eventually deliver the games is an open question? The Commonwealth is a 'friendly' association of those 72 colonies which were once part of the British Empire and rose to free nationhood - some through protracted struggle and others through negotiation. In...

The agricultural growth package mooted in the Union Budget for 2010-11 seems well conceived but not adequately supported by funding for its key elements. This, surprisingly, is despite the 21.6 per cent increase in the overall Central plan outlay for agriculture and allied sectors, the highest hike in recent years. The underlying objective of the four-pronged strategy outlined in the Budget speech for spurring agricultural growth is, obviously, to address...

Statistical poverty lines should not become real-life eligibility criteria for food entitlements.  Nothing is easier than to recognise a poor person when you see him or her. Yet the task of identifying and counting the poor seems to elude the country's best experts. Take for instance the “headcount” of rural poverty — the proportion of the rural population below the poverty line. At least four alternative figures are available: 28...

Monica Das Gupta is a senior social scientist at the World Bank. Her field research in Punjab, when she was at the National Council of Applied Economic Research, established that sex differentials in child mortality in rural Punjab persisted despite relative wealth, socio-economic development including rapid universalization of female education, fertility decline, and mortality decline. Amartya Sen’s writings drew attention to female foeticide and infanticide in Asia that led to...