The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...

Technology is helping public sector banks find customers in rural India. This is part of the Centre’s efforts to include villages in the organized financial system; to ensure they are not cheated of their wages. Pilots show promise   The current state of rural banking in the country is poor. A recent report, by the National Sample Survey Organization, revealed that 51.4 per cent of the 89.3 million total farmer households in...

Much of the daylight robbery in the name of Commonwealth Games has been justified in the name of "National Prestige" and "World class aspirations. Whether all these surreptitious measures will eventually deliver the games is an open question? The Commonwealth is a 'friendly' association of those 72 colonies which were once part of the British Empire and rose to free nationhood - some through protracted struggle and others through negotiation. In...

This is a budget crafted for, and perhaps by, the corporate farmer and agribusiness. The real heroes of India's success story were our farmers. Through their hard work, they ensured “food security” for the country.— Pranab Mukherjee, interim budget speech Feb. 16, 2009 This Budget belongs to 'Aam Aadmi'. It belongs to the farmer, the agriculturist, the entrepreneur and the investor. — Pranab Mukherjee, budget speech, Feb. 26, 2010 Gee! Another pro-farmer budget....

Central scheme boosts crop yields significantly, but suffers as NREGA’s success eats into the available workforce S. Mallika, 27, is expecting a windfall this year. The farmer from Kurumpatti village in Tamil Nadu’s Krishnagiri district owns a 5 acre tract, which has been yielding an annual income of Rs50,000 for her family—until now. This year, Mallika is confident her earning would be six times more—Rs3 lakh—and that too from just 1,000 sq....