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...
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Shining On Little by Amba Batra Bakshi
Women in 65 villages of Karnal district, Haryana, have transformed their lives through self-help groups and microcredit schemes The infant mortality and maternal mortality rates have both come down substantially 94 per cent of the women now have ante- and post-pregnancy checks Institutional deliveries rising; anaemia in pregnant women down. No girl is married off before she’s 18 Taravanti clearly remembers the time, 19 years ago, when she got married...
More »Finance panel wants deficit cut back by Sanjiv Shankaran and Utpal Bhaskar
The 13th Finance Commission (TFC) has recommended a return to fiscal consolidation and reform in expenditure management. It has also suggested the Centre offer states a share of revenue raised from levies such as cesses and surcharges, according to people familiar with the report. TFC, a statutory body tasked with suggesting ways in which taxes should be shared between the Centre and states and drawing up a road map towards fiscal...
More »Towards a happier state by SL Rao
Non-governmental organizations are making a difference to the lives of poor and marginalized people in India. Most work in geographically limited areas. They are idealistic and want change, and hope to enter the lives of those they work with. Funding agencies and NGOs are enthused by any sign of change in the long-failed state of Bihar. A virulent and discriminatory caste system that deprives the lower castes even of government-funded...
More »Beat The Drought, Smartly by Shantanu Guha Ray
Despite a 25 percent deficit in rainfall, a village in Udaipur still manages to fill up its water tanks to the brim. WHEN HE first visited Dilwara, on the outskirts of Udaipur, Andre Ling, then a student from England, saw the village’s only pond, surrounded by filthy stumps of limestone and mud, disappear due to rank neglect over two summers. It was 2003 and Rajasthan had recorded a 45 percent...
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