-Vikalp The contribution of education in economic development has been investigated since the early 1960s, originating in the University of Chicago (Schultz, 1961; Becker, 1964), championed by the Human Capital School - in which expenditure on education is regarded as an investment. It was argued through the endogenous growth theory (Lucas, 1988; Romer, 1990) that spending in education is crucial for increasing labour productivity and accelerating the pace of economic growth....

The Business Standard The Planning Commission has not been central to the policymaking process since the mid-1960s In his Independence Day speech, Prime Minister Narendra Modi announced the end of the Planning Commission. There will be few mourners at its funeral, mainly old war horses like me. So this is in the nature of an obituary for an institution in which I served for a decade and a half, and where I...

-The Business Standard Monsoon revival saves standing crop but fails to fill drinking water wells, triggering acute shortage in some areas Jhunjhunu/Nawalgarh: Just opposite the highway leading to the Jhunjhunu district headquarters lies the hamlet of Pratappura. It is indistinguishable from the thousands of small dwellings that dot the countryside, but for the chasm between the upper and lower castes in this Jat-dominated area. The divide has widened after the sole source...

A recent study published in the prestigious science journal 'PLOS One' (August 2014) shows that Central programmes like National Rural Health Mission (NRHM) and Rashtriya Swasthya Bima Yojana (RSBY), and state-level initiatives like Yeshasvini health insurance scheme (Karnataka), Vajpayee Aarogyasri health insurance scheme (Karnataka), Rajiv Aarogyasri scheme (Andhra Pradesh), Chief Minister's Insurance Scheme for Life Saving Treatment (Tamil Nadu) etc. did little to reduce the financial burden arising out of...

-The Telegraph New Delhi: India's poorest and socially underprivileged people seem to have benefited the least from a set of government programmes launched over the past decade to reduce personal expenses on health care, research suggests. A team of health economists has found that the financial burden of health care on India's poorest 20 per cent, Scheduled Castes, Scheduled Tribes and Muslims has outpaced that on the richest 20 per cent and...