He played a significant role in framing economic policy He estimated that every third Indian is living in poverty Did extensive work on credit and privatisation policies With the demise of Suresh Tendulkar at the age of 72 following a cardiac arrest in Pune on Tuesday, the country has lost yet another eminent economist who played a significant part in moulding the government's economic policy making. A Ph.D. in economics from Harvard University and...

The management of food and poverty in India is getting increasingly unreal. On the one hand, the country has a bumper harvest with every likelihood of the grain mountain to be procured adding to the existing mountain of official stocks. Without adequate storage space, a not-so-insignificant part of it will rot and go to waste. On the other hand, the government will not allow wheat exports until it is clear...

Admitting that there was "growing feeling" amongst people that present systems were ineffective in dealing with corruption, Prime Minister Manmohan Singh on Thursday said he hoped to bring the more stringent anti-graft Lokpal (ombudsman) Bill in the monsoon session of parliament. Addressing bureaucrats of the country at a function here, Manmohan Singh stressed that his government was accelerating its efforts to create a systemic response to curb graft practices in India. "Our...

Trade unions of all hues join forces in an unprecedented manner and present a charter of demands to the government. IN a rare show of unity, and for the first time since Independence, around one lakh workers affiliated to eight central trade unions and national industrial federations, including the Indian National Trade Union Congress (INTUC) and the trade unions of the Left parties, came out on the streets of New...

For most schemes, the increases have been nominalThe Union Budget goes eloquent about the virtues of the flagship schemes of the UPA government but Finance Minister Pranab Mukherjee has kept a tight fist while allocating funds, whether for the National Rural Employment Guarantee Scheme (NREGS) or those under the umbrella of Bharat Nirman.Though the finance minister referred to wages under the 100-day employment programme having being increased after being indexed...