The finance ministry is betting on substantial savings in some of the flagship social schemes and lower commodity prices to stay within the year's fiscal deficit target even as the central bank and economists raise the red flag over the Centre's finances. India's fiscal deficit, or the difference between expenditure and receipts that has to be met through borrowings, during the first four months jumped to 55% of the budgeted amount...

Long promised by the UPA government, the food security bill will be tabled in parliament in December this year. However, the National Advisory Council (NAC), which drafted the proposal, is tussling with the government over the “dilution and misdirection” of the Bill. The final Bill diverges from the original NAC draft on key issues: adoption of alternatives to the PDS such as cash transfers, the risk of inflation due to...

The Planning Commission has raised concerns over people migrating from the countryside to cities in search of jobs. The Plan panel says that this ‘distress migration’ is mainly due to delayed disbursement of wages under the Mahatma Gandhi National Rural Employment Guarantee Act, or MGNREGA. It has asked the rural development ministry to expressly strengthen the Business Correspondent model to make payments to workers under the flagship welfare scheme. In the...

There are two broad governance issues that concern every citizen in this country today: corruption at different levels in the government, and grievances arising from the government’s poor functioning. The last few months have seen an outpouring of emotions related to these issues. It is amply clear that the people of India want no one to be above the law; everyone, irrespective of the position they hold, should be accountable. ...

Bringing an aggressive outlook to the ministry of rural development, Jairam Ramesh, who took charge of the portfolio in July, has attempted to address and fast-track contentious issues such as the proposed land acquisition legislation and the census for identifying households below the poverty line (BPL). Ramesh spoke in an interview about his blueprint for the ministry and revisiting controversial elements, including identifying the poor and poverty caps imposed by...