The government is spending billions of dollars on welfare schemes, and plans even more this year. But that is news to Poona, whose daughter may soon die from that stain on India's growth story -- malnutrition. Poona, who married at 14 and breaks quarry stones for a living, shielded her daughter's sunken face from a harsh summer sun with her blue sari. She does not know Urmila's weight, but the...
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Food inflation at 18% 'unacceptable', says Montek
Planning Commission Deputy Chairman Montek Singh Ahluwalia told NDTV that he expects food inflation to come down to single digits in two to three months. He said that food inflation at 18 per cent levels is “unacceptable” and the government will take drastic steps if inflation doesn't cool in the next two months. He added that potato prices have come down sharply and vegetable prices are also coming down. Higher prices of...
More »Hard to stomach by Biraj Patnaik
As the nation debates the National Food Security Act (NFSA) and its implications on food security for the country, it is pertinent to pause for a moment and ponder some of the structural reasons for the mismanagement of the food economy of the country. Forget the past or the future or even the present set of policies being pursued. The UPA-II is pushing the nation inexorably towards a regime of...
More »Kaushik Basu interviewed by Manav Chopra
Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...
More »Danger of inflation by CP Chandrasekhar
WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...
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