Ashish Bose coined the term BIMARU in a paper to then prime minister Rajiv Gandhi in the 1980s to highlight the economic backwardness of Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh. He tells Somesh Jha he is not inspired by the Planning Commission’s bogus poverty figures. He says it is time the commission wound up. Excerpts:   * You coined the term 'BIMARU', but these states performed well in alleviating poverty in...

-The Hindu Dip in Congress' vote share from SCs, STs, Muslims - its traditional support base Cities are driving the anti-UPA sentiment, while marginalised communities - the Congress' traditional base - are more satisfied than dissatisfied with UPA-II's performance. These findings emerge from a CNN IBN-The Hindu-election tracker poll of 19,062 demographically representative respondents. Just 38 per cent of respondents expressed satisfaction with UPA-II's performance (with 22 per cent undecided), down from 49...

-The Business Standard Can Bhagwati-Sen debate bring the same change as Hayek-Keynes duel in the US in 1932 At a time of economic crisis, a distinguished group of economists wrote a letter to a major newspaper, making a case for increased government involvement in the economy. A few days later, an equally distinguished group of economists wrote a letter to the same newspaper, arguing against the first lot. No, this...

-The Economic Times NEW DELHI: Bihar chief minister Nitish Kumar is leveraging his politically 'unattached' status to seek higher wages for his people under the Centre's rural employment guarantee scheme. Kumar, being wooed by the Congress after he parted ways with the BJP, has written to Prime Minister Manmohan Singh saying that the state plans to raise NREGA payments to align them with the statutory minimum wage. "Notification of lower wage rates...

-The Economic Times NEW DELHI: The government is giving a fresh push to its flagship rural employment scheme ahead of the general elections, providing additional funds to Uttar Pradesh, Bihar, Jharkhand and Odisha. To begin with, the rural development ministry will pump in 200 crore each year, a senior official told ET, adding that these states have been chosen because half of their population is below poverty line and they have not...