An inquiry committee appointed by the Supreme Court to look into the functioning of the public distribution system has just turned in a damning report to the effect that the system is riddled with corruption and has virtually collapsed in some states. This observation will not come as a surprise to most people. Indeed, it is not a coincidence that even the Central government’s own Economic Survey mentions the need...

A meticulously researched book by A. Vaidyanathan, Agricultural Growth in India: Role of Technology, Incentives and Institutions, is an illuminating scholarly work. Thinking about it one realizes the dismal and declining state of Indian agriculture and the poor governance at both Central and state government levels that has brought it to this sorry pass. A valuable compendium of data and analysis of Indian agriculture since Independence, it is a valuable...

Democracy and free market have fused into single predatory organism: Arundhati Roy  MoUs with transnational firms resulted in tribals moving out of their lands: Arundhati Roy The problem of market externality poses systemic risks: Chomsky “What happens, now that democracy and the free market have fused into a single predatory organism with a thin constricted imagination that revolves almost entirely around the idea of maximising profit,” asked author Arundhati Roy at a...

Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...

The central vigilance committee led by retired Justice D. P. Wadhwa, which was established by the Supreme Court of India to monitor its orders in the PIL on the right to food, has come out with a strong indictment of the public distribution system (PDS). Based on State-level reports for Delhi, Orissa, Bihar, Jharkhand, Uttarakhand, Rajasthan, Gujarat, and Karnataka, the committee has identified widespread corruption at different levels of the...