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China pledges to narrow income gap

-Al Jazeera Widening wealth gap in Beijing has stoked concerns over its impact on political and social stability. The Chinese government has issued a pledge to narrow the widening income gap between rich and poor, which includes raising its minimum wage and requiring state companies to turn over more profits to pay for social programmes. The pledge on Tuesday promised more spending on health, education and job training but gave few details and...

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The Case for Direct Cash Transfers to the Poor-Arvind Subramanian, Devesh Kapur and Partha Mukhopadhyay

The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...

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The menace of destructive education policies-Debashis Gangopadhyay

Universities should not have to bow to research institutes, writes Debashis Gangopadhyay. Basic Sciences versus Applied Sciences Undermining humanities studies in schools will lead to a large number of science graduates in the market. This is a boon for multinational companies as profits will escalate — the cost of labour being lower. However, the danger to profits persist from another aspect. Students who study science out of their love for a subject are...

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Punjab budgets for farm suicides-Sukhdeep Kaur

Punjab’s agricultural sector grew at 1.6 per cent during the 11th Plan against the national average of 3.41 per cent. The growth is tardy owing to near saturation in productivity. The rural debts in Punjab are estimated to be Rs 35,000 crore. The number of indebted rural households in Punjab is 66 per cent, third highest in the country after Andhra Pradesh and Tamil Nadu. The Government of India’s debt...

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Survey picks holes in UPA's MGNREGA scheme-Rajeev Deshpande

-The Times of India UPA's flagship rural guarantee scheme is performing fitfully in terms of work days, wages and coverage, amply confirming rural development minister Jairam Ramesh's fears that the programme has become a scheme for digging ditches. The Mahatma Gandhi National Rural Employment Guarantee, UPA's outreach to the poor, is not meeting critical parameters and is crying out for reform with questions about the utility a Rs 36,000-crore a year budget...

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