As to who should conduct the survey to identify the ‘priority' and ‘general' categories of households as recommended by the National Advisory Council (NAC) was an issue that the expert panel headed by chairman of the Prime Minister's Economic Advisory Council, C. Rangarajan, grappled with in its meeting here on Tuesday.The NAC has recommended that legal entitlements to subsidised foodgrains be extended to at least 75 per cent of the...

Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...

The papers in this volume, as indicated in the preface, are not envisaged to be mere academic exercises; they are intended to provide the basis for informed discussions among key stakeholders and with policymakers involved in the areas related to agriculture, food security and rural development in India. If achieving self-sufficiency in food is the primary goal of agriculture policy, poverty alleviation is the second. As has been pointed out,...

he recent findings by the Labour Bureau's Employment and Unemployment Survey (2009-10) provide timely pointers to the manner in which liberalising India's workforce is coping with the changing times. The survey gives a snapshot of the country's employment and demographic situation. The estimated unemployment rate — in the region of 9.4 per cent (barring the five north-eastern States and the islands of Lakshadweep and Andaman and Nicobar, where the survey...

Advocates of liberalisation argue that by reducing state intervention and increasing transparency economic reform reduces corruption. Recent allegations of corruption suggest that this may not be true. In a season for scandal, allegations of large scale corruption have captured political India's attention. The instances to which such allegations relate are many, varying from the sale of 2G spectrum and the mobilisation and/or disposal of land and mining resources to purchases made...