The spectre of inflation has returned to haunt India. It is not even six months since the United Progressive Alliance (UPA) government returned to power but its inability to control food prices is arguably its single biggest failure till now. The inflation rate will eventually come down sometime in the (hopefully) not-too-distant future and the government will surely take credit for bringing prices down as and when that happens. But...

India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...

The issue is not monitoring, but the administrative structure itself, at the district and village levels The Planning Commission has recently put out the results of an evaluation conducted by it on the National Rural Employment Guarantee Scheme (NREGS), after a survey of 20 districts. This is the most comprehensive official evaluation so far, and it makes interesting reading, not just in terms of the performance of the scheme, but...

Before tinkering with the NREGA in the name of reforms, the government must ensure that the foundations of the scheme are strengthened. No change should be introduced without a rigorous debate that centrally involves its primary constituents.  As the Union Ministry of Rural Development attempts to craft the architecture of what is being referred to as “NREGA 2,” the principles that constitute the basic foundation of the National Rural Employment...

They contest Planning Commission’s poverty estimates  Food Bill exercise calls for detailed discussion and exclusive meeting: States Transfer of food subsidy in cash to BPL families won’t serve the purpose: Maharashtra The Centre has asked the States to put a cap on the number of Below Poverty Line (BPL) beneficiaries under the Targeted Public Distribution System (TPDS) for purposes of theproposed National Food Security Bill. It also wants the BPL...