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...
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Bhagwati vs Sen: Poverty data gives the verdict-Mayank Mishra
-The Business Standard Growth, not entitlement, reduces poverty, according to the latest data The numbers may seem unrealistic, but the broad indication is loud and clear: among all available medicines, growth seems to be the most effective medicine against poverty at the moment. According to the recently released poverty data, states like Odisha, Bihar and Rajasthan have done well when it comes to reducing poverty in the last seven years. And these...
More »Organised sector share in milk business should rise to 50 per cent: Sharad Pawar
-PTI NEW DELHI: To ensure sufficient supply of milk at affordable rates, Agriculture Minister Sharad Pawar today said there is a need to increase the share of organised sector in milk business to 50 per cent by the end of the current (12th) Five Year Plan in March, 2017. Despite severe drought in some states like Maharashtra this year, milk production has not reduced, thereby providing good supplementary income to farmers and...
More »Govt plans RTI shield for political parties
-The Times of India NEW DELHI: The Centre intends to exempt political parties from RTI scrutiny on the ground that they are not "substantially funded" by the government and so are not required to reveal details such donors and other funding sources. The government expects to consult political parties to firm up a consensus on undoing the Central Information Commission order putting parties under the ambit of the Right to Information Act...
More »Bhagwati versus Sen: What's going on?-Mihir S Sharma
-The Business Standard 7 things you should know in the Bhagwati vs Sen slugfest Jagdish Bhagwati and Amartya Sen are the two Indian economists who are most respected for their work. Both have worked on a broad spectrum of issues, though Sen is best known for his work on public choice and development and Bhagwati for his work on trade. They are both liberal, neoclassical economists, who support deregulation and disapprove of...
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