-The Economist West Bengal’s populist chief minister is doing badly. Yet she typifies shifts in power in India BUYER’S remorse is common enough in the dusty markets of Kolkata, a delightful if crumbling great city, once known as Calcutta and still capital of the state of West Bengal. Those who buy cheap plastic goods or plaster-of-Paris busts of Rabindranath Tagore, Bengal’s cultural hero, may come to regret their haste. Likewise, many who...

Will Vijay Mallya commit suicide for running up huge losses at Kingfisher Airlines," asks Talaka Rajiah, a farmer near Parkala town, 35 kilometres from Warangal in Andhra Pradesh's Telangana region. "He will not. The government has already thrown some lifelines for him and the airline sector in the Budget," says Rajiah, who also happens to be the secretary of the Telangana Farmers Association. "But when it comes to farmers the...

 When Mamata Banerjee defeated the Communist Party of India (Marxist) last May after 34 years of power in West Bengal, her victory was portrayed by optimists as the beginning of a Kolkata Spring. Free of the communists’ rural thugs and urban heelers, the story went, the state would finally enter the 21st century. One year after Banerjee’s landslide, however, the new boss is looking a lot like the old one —...

The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...

Expressing concern over the agrarian crisis leading to farmers' suicides in the country, Rajya Sabha members on Thursday sought a special seven-day session to discuss the issue in depth. Initiating a short-duration discussion on the agrarian crisis, BJP leader M. Venkaiah Naidu sought the special session to discuss the situation and find solutions. Mr. Naidu said that while the economy was growing at 7-8 percent, the farm growth was only around...