The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...

-The Hindu Subsidies on cooking gas, kerosene and diesel have resulted in perverse outcomes not envisaged when they were introduced With the Aadhaar-based direct cash transfer scheme facing so many glitches in implementation, any hopes that the country’s energy sector can soon dismount the subsidy tiger it has been riding so dangerously have receded into the background. Had the Aadhaar scheme worked satisfactorily, the next logical step would have been to extend...

-The Hindu Rival religious extremists survive by feeding off each other. In India, Hindutva and Islamist leaders and activists have often mobilised men and materials through inflammatory hate speeches. But by any yardstick, the recent rabble-rousing speech of Akbaruddin Owaisi, leader of the Majlis-e-Ittehad-ul Muslimeen in the Andhra Pradesh Assembly, plumbs new depths. In substance, his speech was a clear attempt to promote enmity between Hindus and Muslims, and disrupt the...

-The Times of India The Centre has set up an expert committee to determine the poverty mark to identify beneficiaries of rural development ministry's programmes. The committee, to be headed by Planning Commission member Abhijit Sen, will examine the figures of the socio-economic caste survey to decide who is below the poverty line in terms of deserving the rural welfare schemes focused on poor like Indira Awas Yojana, old-age pension and national...

-The World Bank It is generally thought that two groups are the big winners of the past two decades of globalization: the very rich, and the middle classes of emerging market economies. The statistical evidence for this has been cobbled together from a number of disparate sources. The evidence includes high GDP growth in emerging market economies, strong income gains recorded for those at the top of the income pyramid in the...