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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Anna Hazare on indefinite hunger strike
Ralegan Siddhi (Maharashtra): Social activist Anna Hazare, who began an indefinite hunger strike on Tuesday, has alleged that the Congress-Nationalist Congress Party government in Maharashtra is wasting public money by allowing Ministers to spruce up their already well-furnished cabins. “The State is reeling under a debt burden and Ministers are busy spending lakhs on renovating their cabins.” Mr. Hazare began his fast here on the occasion of Gudi Padwa, the Marathi...
More »Inflation moving fast towards the double-digit mark
With food prices showing no signs of abating and the impact of the fuel price hike in the latest budget making its presence felt, inflation moved fast towards the double-digit mark, touching 9.89 per cent in February, the highest in 16 months. The wholesale price-based inflation stood at 8.56 per cent in January. This could well cross the double-digit mark in March, experts said. Finance Minister Pranab Mukherjee had earlier said the...
More »Kerala's love affair with alcohol
People in the southern state of Kerala are the heaviest drinkers in India, and sales of alcohol are rising fast. The BBC's Soutik Biswas examines why. Jacob Varghese says he began drinking when he was nine years old, sipping on his father's unfinished whisky and brandy in glass tumblers. It's a terrifying story of a descent into alcoholism for this 40-year-old health inspector. At school, he consumed cheap local liquor. He...
More »Iron Lady of Manipur re-arrested for refusing to eat
Human rights activist Irom Sharmila, jailed since 2000 for resorting to a hunger strike against alleged rights violations by the security forces in Manipur, was once again arrested by police on charges of attempted suicide. The activist continued her refusal to eat a single morsel of food. Sharmila, who earned the sobriquet Iron Lady of Manipur and is now in her 10th year of judicial custody, was arrested Wednesday night and...
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