-Down to Earth Budget to start process of reforming Central rural schemes, 45 years after first demand India’s rural development programmes are in for an overhaul. After the approval of the 12th Plan by the National Development Council (NDC) on December 27, 2012, the government has started restructuring of the behemoth called Centrally sponsored schemes (CSSs). In the Plan (2012-17) the Centre has committed Rs 541,276 crore for CSSs covering rural development,...

-The Economic Times Food inflation in India, as measured by food articles price index, has averaged 11.3% for the period FY 2008-09 to December 2012, with a maximum of 15.6% in 2010-11 and minimum of 7.3% in 2011-12. In December 2012, wheat prices stood 23% higher than in December 2011, and rice prices 17% higher in the same period. Although this spurt in wheat and rice prices in the face of...

-Economic and Political weekly Drawing on the research on basic education in West Bengal, this essay argues the case for a much criticised public education system, which needs to be reconsidered as regards its potential as a provider of quality education, even while addressing its many failings. The essay follows an approach, both critical and constructive, that underlines the collective onus of the public in realising the value of the public...

-The Hindu In its report on the road map to fiscal consolidation, the three-member committee headed by the former Finance Secretary and 13th Finance Commission Chairman, Vijay L. Kelkar, has suggested a host of “bold reform” measures on ways of slashing the subsidy bill which, it admitted, would result in some short term pain and hardships. The committee’s recommendations also include sale of surplus land with public sector undertakings (PSUs), fast-tracking of...

-The United Nations A new United Nations report advocates that governments use fiscal and labour market policies to reduce income inequality, maintaining that this not only leads to social benefits but will spur economic growth and development. Produced by the UN Conference on Trade and Development (UNCTAD), the Trade and Development Report 2012 says that recent experience, especially in Latin America and other developing countries, suggests that progressive taxation and rising public...