There is an interesting debate on food security and we should get the Planning Commission’s perspective on this. But as I write this, the Planning Commission Web site still does not have the mid-term appraisal, so Yojana Bhavan must still be polishing it. This column has, over time, taken the position that the food security programme is really important and a country growing as fast as India simply cannot ignore...
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Fruits of reform have failed to reach the poor by Vinay Pandey
The top 20% of India’s population has a more than 50% share of the national income in 2009-10, up from 36.7% in 1993-94, says a study by the National Council for Applied Economic Research, or NCAER. This would seem to confirm the charge that income disparities have increased in the reform years, 1991 onwards, and the rich have got richer as a freer economy has created more opportunities. According to...
More »FICCI opposes mining bill, debunks tribal compensation scheme
Criticising the government’s Mining Bill, FICCI has said that the proposed legislation would adversely impact investments in the sector. It also termed the government’s scheme to provide shareholdings to tribals in mining projects as flawed. In a recent letter to Finance Minister Pranab Mukherjee, FICCI Secretary General Amit Mitra said that the proposed act will “adversely affect the industry”. “...the latest draft of the Mines and Minerals Development and Regulation Act 2010 proposes...
More »Poverty haunts India's economic miracle
When flames from an open cooking fire raced through Fida Hussein's shack in northern India, it was a disaster for him and his poverty-stricken family. "We have nothing," said Hussein as he stood in the ruins of his hut through which the sky could be seen between the burnt roof timbers in a remote corner of Uttar Pradesh, India's most populous state. India's number of millionaires grew by 51 percent...
More »UN and Oxford University unveil new index to measure poverty
The United Nations Development Programme (UNDP) and Oxford University today launched a new index to measure poverty levels which they said give a “multidimensional” picture of people living in hardship, and could help target development resources more effectively. The new measure, the Multidimensional Poverty Index, or MPI, was developed and applied by the Oxford Poverty and Human Development Initiative (OPHI) with UNDP support, the two institutions said in a joint...
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