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Subsidising through prices: A bad idea by Bibek Debroy

The acronym LPG has several expansions. It stands for liquefied petroleum gas. It stands for liberalisation, privatisation and globalisation, a term of abuse used by those with Leftwing persuasions. It stands for life plundered by the government, sentiments associated with those who are against state intervention, but increasingly felt by the so-called middle class - however defined - because of price hikes, and proposed price hikes, for petroleum products. Ostensibly, price...

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Playing with numbers, and lives by Brinda Karat

The Planning Commission, headed by the prime minister, has filed an affidavit in the Supreme Court quantifying the daily poverty line for an adult as Rs 26 in rural, and Rs 32 in urban India. At today’s relentlessly increasing prices, Rs 26 will not get a manual worker even one nutritious meal a day — leave alone the 2,400 calories he is required to eat to enable him to work,...

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Famine is not a natural disaster-it's our fault by Simon Levine

The famine in the Horn of Africa is being seen as an inevitable consequence of drought, "the worst for 60 years". But this famine was almost entirely preventable, and presenting it as a natural disaster doesn't help; nor does our insistence on waiting for a major crisis before responding. Even though lessons about how to prevent famines have been documented time and time again, we don't learn. The conflict in Somalia...

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Farm uncertainties

-The Hindu Business Line   The uncertainty over adopting agricultural biotechnology is in no one's interest, given the high food inflation and dependence on imports. With food inflation climbing once again above 10 per cent, it has become even more urgent for the government to provide a a clear mandate in terms of policy support, the technology options and requisite investment for domestic agriculture. Output growth, especially of proteins, has been decisively trailing...

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A Pail Of Piety Against An Augean Stable by Pranab Bardhan

There are structural aspects to a problem as complex as corruption. These cannot be tackled through punishment alone. Just as our society tends to latch on to holy men for miracle cures, in recent weeks, the urban middle classes have placed great hopes on an anti-corruption movement led by a pious man in a Gandhi cap. (The other claim on leadership by a holy man in red robes did not...

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