MGNREGA 2.0 should really be MGNREGA 0.0 — it has been outdated from the start, five years ago It is a fact universally acknowledged that India is at a fiscal crossroads. It swerved quite significantly to Populism over the last several years, and the consequences of this lurch are that the UPA’s own finance minister is (thankfully) losing sleep over the fiscal burden. More specifically, over the subsidy burden. As we all...

-The Indian Express   For once, Mamata does the right thing — by laying down work rules for her employees Mamata Banerjee’s politics, in a word, could be called “populist”, in the absence of a well-formulated and well-enunciated agenda. In her last years in opposition, and now as chief minister of West Bengal, Banerjee has steadily positioned herself as “more left than the Left”. The Luddite politics of Singur, her stint as the...

-The Telegraph   The country’s top judge today advised the judiciary to work as independently of public sentiments as of politics, stressing that courts should deliver rulings according to the law and not the majority opinion. “Apart from independence from politics, the judiciary also needs independence from popular interest,” PTI quoted Chief Justice of India (CJI) S.H. Kapadia as saying while presiding over the Nani Palkhivala Memorial Trust Lecture in Mumbai. “If an order...

-The Telegraph   There is no jargon in Assam chief minister Tarun Gogoi’s brand of economics — there are only blankets and bicycles and other such mundane things that he feels the poor need. And he even got a nod from a man who has received the Nobel Prize for economics. Speaking at a discussion, flanked by Joseph Eugene Stiglitz, an economics Nobel laureate and Lord Meghnad Desai, professor emeritus at the London School...

-The Economic Times   It doesn't need economists, environmentalists or water conservation experts to tell us that the promise of free water is a disastrous idea. It will encourage farmers to cultivate water-guzzling crops. And in the process, it will lower water table levels, making water an even more precious commodity.  But this is election season when parties consider the exchequer as candy-vending machines. It is also the season when bad politics prevails...