-The Business Standard   After generating much controversy back home on the Planning Commission's “unrealistic definition” of poverty line, India had to field some tough queries in Washington over the matter. Chief Economic Advisor Kaushik Basu said the government was looking at various parameters of poverty estimates to provide better coverage to the vulnerable section through a proposed food law. "...now we are going to go into a new food security programme, where we...

Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...

The best thing about Indian politicians is that they make you feel you are a better person. Not surprisingly, Indians often derive their moral confidence not through the discomfort of examining their own actions, but from regarding themselves as decent folks looted by corrupt, villainous politicians. This is at the heart of a self-righteous middle-class uprising against political corruption, a television news drama that reached its inevitable climax in Delhi on...

By the time you read this, Anna Hazare would have started his fast and his well-fed handlers will be stationed in front of television cameras. Independence Day, grey and wet was a holiday with no breaking news, so after the Red Fort speech, all airtime was taken over by talking heads debating the Anna fast. The talks generate lots of heat: "Think about the future," or "Aren't we also members...

Tired of its own inefficiency in plugging leaks and ensuring timely delivery of ration, the Madhya Pradesh government has decided to take the privatisation route to improve its ailing Public Distribution System. The new system is being put in place by a corporate consortium led by HCL Infosystems with Edenred India Private Ltd ― a subsidiary of corporate meal voucher provider and multinational hospitality giant Accor ― and Virgo Softech Pvt....