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On the money

-The Indian Express The UPA has long been planning a shift to direct cash transfers for poor households, with a view to replacing the 3.23 lakh crore worth of unwieldy subsidies currently in place. Last year, the then finance minister Pranab Mukherjee had spoken of the famously inefficient food and fertiliser subsidies, and of a comprehensive overhaul through cash transfers. Now, that plan has been fleshed out further. The prime minister...

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Foreign investment in developing countries must involve local farmers to succeed – UN

-The United Nations International investments must give local farmers and active role and leave them in control of their land if they are to have a positive effect on the host country’s economy and advance development, according to a report released today by the United Nations food agency. Produced by the UN Food and Agriculture Organization (FAO), the report – Trends and Impacts of Foreign Investment in Developing Country Agriculture – emphasizes...

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The truth behind NaMo’s numbers -Ajay Umat

-The Times of India In a recent election rally, Gujarat chief minister Narendra Modi advised Prime Minister Manmohan Singh, one of the country's top economists, to follow the Gujarat model of development , to cure the country of its ills. "Mr Prime Minister, if you try to follow the path of Gujarat state, the condition of the country will be transformed." Modi, who is projecting himself as the champion of economic...

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Hisar’s shame -TK Rajalakshmi

-Frontline There is growing violence against women and children in Haryana, aided by the apparent collusion between the State government and the upper-caste-dominated khap panchayats. THE road leading to Dabra village in Haryana’s Hisar district is not very difficult to locate. It was at Dabra, a mere 15 kilometres from the district headquarters, that a heinous crime was committed on September 9. It would have gone unnoticed had it not been accompanied...

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Joseph E Stiglitz, Nobel laureate interviewed by Pranay Sharma

-Outlook Nobel laureate Joseph E. Stiglitz is one of the world’s leading economists. A former chief economist at the World Bank and currently University Professor at the Columbia Business School, he was recently in India to attend an international conference on development and to promote his new book, The Price of Inequality. He spoke to Pranay Sharma about growing inequality in the world and the challenges facing India. Excerpts: * Your coinage,...

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