-The Business Standard Institutions such as World Bank and Asian Development Bank (ADB) are considered the panacea of all ills that developing countries like India face. Although the amount of money these institutions lend is small, their influence on the economy is high. They continue to be the benchmark for social and environmental policies, good governance, climate change, corruption and so on. A look at some of the reports of these...
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Crony capitalism or plain corruption?-Arvind Virmani
-The Hindu Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...
More »Will parties help 50 million domestic helps get a fair deal? -Ambika Pandit
-The Times of India NEW DELHI: Estimates say there are over 50 million of them in the country. Yet, domestic workers remain unrecognized and unaccounted for in the legal framework. Their demand for a legislation to recognize and regulate domestic work isn't new. But as India heads to the polls yet again, hardly any party raises their issues. Mostly women, domestic workers refuse to be drowned in the overarching definition "marginalized",...
More »The jobs debate-Pramit Bhattacharya
-Live Mint What explains the mystery of job growth slowing so drastically just when growth spiked up so rapidly? The health of the economy occupied the centrestage of the political battlefield this week, as the ruling United Progressive Alliance (UPA) and the opposition National Democratic Alliance (NDA) engaged in a spirited debate on India's economic performance. A major bone of contention was the slower pace of job growth in the UPA's 10-year...
More »Karthik Muralidharan, an assistant professor in the University of California interviewed by Sanjeeb Mukherjee
-The Business Standard Since the United Progressive Alliance (UPA) government decided to put on hold the Aadhaar-based subsidy transfer for domestic liquefied petroleum gas (LPG), questions have been raised about the future of one of Congress' most ambitious initiatives aimed at plugging leakages. Two months after the government move, a pioneering study by economists Karthik Muralidharan, Paul Niehaus and Sandip Sukhtankar showed leakages dropped 12 per cent when smart cards were...
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