-Down to Earth Twice as many villages as in 2012 affected this time More areas in Maharashtra are to be officially declared drought-affected. Another 5,700 villages are to be added to the list of drought-hit areas, taking the total number of villages which lost more than 50 per cent crops to around 24,000. This figure is twice the number of villages affected by the 2012 drought in the state. The findings have come...
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Pranab Bardhan, emeritus professor of economics at the University of California at Berkeley interviewed by Pramit Bhattacharya
-Livemint The development economist on the Modi government's initiatives and his stand on them, and MGNREGS The Narendra Modi-led government should consider replacing inefficient subsidies with a basic monthly income for all citizens, says Pranab Bardhan , emeritus professor of economics at the University of California at Berkeley. Bardhan, who recently sparred with economists Jagdish Bhagwati and Arvind Panagariya in a debate over the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS),...
More »Cash transfers can work better than subsidies -Guy Standing
-The Hindu Providing people with a modest basic income instead of subsidies would save public revenue With oil prices falling, it was perhaps a good time to fade out fuel subsidies. All subsidies are inefficient and distortionary, and most are regressive. The same could be said of costly public works schemes as well. By contrast, the debate on direct benefit transfers has moved into a more sensible phase, with the posturing criticism of...
More »Where are the jobs? -Devinder Sharma
-DNA It's a misconception that high economic growth translates into employment A recent report prepared by the consultancy firm PricewaterhouseCoopers for the Confederation of Indian Industry (CII) harps on the usual premise of boosting economic growth as the basis for job creation. Accordingly, it will still take 20 years to remove unemployment even if India grows at an annual growth rate of 9 per cent. This is exactly what we were...
More »Revived traditional irrigation brings joy to Assam farmers
-IANS Guwahati: The gurgling water flowing fast through a traditional canal system that has been revived in water-scarce parts of Assam has brought cheer to farmers who now look forward to a bumper harvest. After about 20 years, 42-year-old Rati Ranjan Mondal expects at least 450 mounds (about 18,000 kg) of rice from his 30 bighas (about 10 acres) of paddy field in this harvesting season, compared to about only 200 mounds...
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