“Budget is more than a document of income and expenditure. People expect it to tackle the twin problems of poverty and social injustice while ensuring better income and standard of living.” Country’s first woman Finance Minister of any state government, Upinderjit Kaur, said this while presenting her first budget and last of the present Akali-BJP government on Monday. With the state slated to go to polls early next year, the Rs...

Good news for Bihar on the economic front. According to the Economic Survey 2010-11, tabled in the Legislative Assembly on Wednesday, the state’s annual per capita income doubled in five years, gross domestic product (GDP) saw a steady growth and the number of vehicles increased three fold. The annual per capita income went up to Rs 17,590 in 2009-10 against Rs 8,528 in 2004-05. The average GDP growth for the period...

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...

The world's second largest national headcount operation, the Census of India, is significant for several reasons. The largest peace-time administrative activity of the Indian state is also the third since economic liberalisation was initiated. Three decades is enough time for a nation to assess the economic impact and implications of a change in macroeconomic policies, and hence Census 2011 should provide statistical insights into what the move away from state-led...

I was awakened early one morning recently by someone who said he was enormously enjoying my on-going debate on economic growth in India. I was very pleased that I had given someone some joy, but I also wondered what on earth he could be talking about, since I have not been involved in any such debate. As it happens, I am getting a steady stream of telephone calls and electronic...