Given the scale of corruption in India, the constitution of a Jan Lokpal will be a welcome initiative. But the proposed Lokpal has the makings of a super-monster. After 42 years of hesitation and uncertainty, an institutional mechanism to deal with the all-pervasive incidence of corruption in India is in sight. What apparently moved the state machinery was the agitation spearheaded by Anna Hazare, which drew spontaneous support primarily in the...
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Status of Muslims in West Bengal by Maidul Islam & Subhashini Ali
Misleading data cited in a seminar paper on the situation of the minority community in the State tend to detract from the Left Front government's exceptional record on this count. Abusaleh Shariff, the Chief Economist of the National Council of Applied Economic Research, who was the Member-Secretary of the Sachar Committee, presented a paper on the socio-economic development of Muslims in West Bengal, at a seminar organised by the Institute of...
More »The Indian exception
Many Indians eat poorly. Would a “right to food” help? “LOOK at this muck,” says 35-year-old Pamlesh Yadav, holding up a tin-plate of bilious-yellow grains, a mixture of wheat, rice and mung beans. “It literally sticks in the throat. The children won’t eat it, so we take it home and feed it to the cows.” Mrs Yadav has brought her children to a state-run nursery in Bhindusi village in rural Rajasthan. The...
More »Dr Arvind Virmani, Affiliate Professor (& Distinguished Senior Fellow), George Mason University (School of Public Policy-CEMP), and Executive Director, IMF interviewed by TCA Srinivasa-Raghavan
Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...
More »Experts warn Africa must learn from India's microfinance problems by Teo Kermeliotis
It has been lauded as one of the most promising ways of using the market to reduce poverty and boost economies in some of the world's most deprived areas. But in recent months the work of microfinance institutions (MFIs), which provide small loans to poor people with no access to traditional banking services, has come under scrutiny after a spate of suicides in the Indian province of Andhra Pradesh was linked...
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