Budgets are no longer statements of accounts or expenditure. In the contemporary context, they are to be seen more as a statement of intent, ambition, reform and politics of inclusion. If these are the parameters on which Budget 2011 is to be judged, it fails despite an implicit statement of intent. For a government which has been elected on the agenda of inclusion, even the statement of intent is not new....

Cash transfers cannot and should not replace the public provision of essential goods and services, but rather supplement them. Cash transfers are the latest fad of the international development industry, as the preferred strategy for poverty reduction. And now Indian policymakers are busy catching up. The idea was mooted in the Government's Economic Survey for 2010-11, and the Finance Minister made an explicit announcement in his budget speech for replacing some...

People living below the poverty line will receive cash as subsidies and the process will start by March 2012, Finance Minister Pranab Mukherjee said in his general budget speech on Monday. "The government will move towards direct cash transfer to people living below poverty line in a phased manner," Mukherjee said in his budget presented to the Lok Sabha. A committee under Unique Identification Authority of India chairman Nandan Nilekani will be...

Urbanization comes with its share of problems. Your new job lands you in a new city and you need necessities such as a mobile connection, a broadband connection or a bank account transfer as soon as possible. Your only hope in such cases till now is maybe a letter from the employer authenticating your address. Enter UID, the unique identity project headed by Nandan Nilekani, which promises to give an acceptable...

Larry Summers, the recently departed Chairman of US President Barack Obama’s National Economic Council, posed the following question before his trip to India last November: “What is the self-perception of the Congress as a political party?” In fact, this broad question provokes three specific ones in the domain of economics. Is the Congress the party of Jagdish Bhagwati or Amartya Sen; Nehru or Indira Gandhi; or Aruna Roy or Nandan...