In June 1991, the country embarked on a bold adventure by exposing to market vicissitudes its insulated manufactories, regulated (but pockmarked with soft spots) financial markets and inexperienced economic players. An economy, in those days, was about people, not giant factories and ships with riches. Though successive governments have secured the reformative underpinnings of the liberalisation process, it is to the credit of players in India that the sublime quest...

The recent allegations made are uncalled for and can be seen as an attempt by bidders disqualified due to not fulfilling the tender requirements. Companies like Glodyne who have been crying foul did not even have an ISO certification to bid for the project and have failed miserably in states like Bihar to execute projects of nation building NREGA it took on. Other players included TCS and Aditya Birla Group...

Nearly one third of Muslims in the nation survive on less than Rs 550 a month, economic think tank NCAER said, amid the ongoing debate on reservations in jobs and educational institutions for those belonging to the community. A survey by the National Council for Applied Economic Research (NCAER) said that three out of every 10 Muslims were below poverty line and lived on less than Rs 550 a month...

Monica Das Gupta is a senior social scientist at the World Bank. Her field research in Punjab, when she was at the National Council of Applied Economic Research, established that sex differentials in child mortality in rural Punjab persisted despite relative wealth, socio-economic development including rapid universalization of female education, fertility decline, and mortality decline. Amartya Sen’s writings drew attention to female foeticide and infanticide in Asia that led to...

The United Progressive Alliance (UPA) government loves committees. Have problem, will deliberate, seems to be the government’s motto. So, it is not surprising that the chief ministers’ conference on price rise ended with yet another committee being appointed, this time on the overhaul of the public distribution system (PDS). This despite the fact that the recent surge in prices had nothing to do with the absence of a universal PDS...