Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...

“Wherever there is a lamp, there is darkness below it,” said Bava Bhalekar, a fisherman and local leader in this village roughly a hundred miles south of Mumbai. “The tragedy is that while our village has this project, we ourselves don’t have electricity.” “This project” is the power plant that Enron built. A decade after Enron withdrew from the project, the Indian government and two Indian companies are promising to...

UNLESS THE prices of vegetables skyrocket and become a scandal — as they have over several weeks now, or as did the price of sugar last year — little in the out-of-sight world of Indian agriculture excites the imagination of the city folks, who influence, rather disproportionately, everything from government policies to newspaper content. Few of those who enjoy a hearty meal and wax lovingly on their favourite dishes can...

Some 350km (220 miles) from India's commercial capital, Mumbai, lies the village of Madban overlooking the vast expanse of the Arabian Sea. It is in this village that a 10,000 megawatt nuclear power plant is proposed - and farmers and fishermen, backed by campaigners, are hardening their stance against it. People from Madban believe the project will cause havoc to the environment and to their livelihoods. Stunning beauty Pravin Gavhankar, a...

In the backdrop of climate change and other environmental challenges, Kerala announced a Rs 1000-crore 'Green Fund' for the next five years while earmarking an initial provision of Rs 100 crore in the budget for 2010-11. State Finance Minister T M Thomas Isaac, who presented the budget in the state assembly, said the fund would be utilized to take up projects to preserve natural assets like forests and promote green...