-Business World In the run up to Independence Day, Professor Ashok Gulati wrote a scathing critique of what he has described as “elitist biases in public policy”, that ignore the reality of the masses in rural areas. The reality he describes is that of low rates of growth in agriculture; a sector that majority of Indians still depend on. He lamented the excessive preponderance of economic policy discourse in the country...
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Neither BPL nor APL -Abhijit Sen
-The Indian Express Socio-Economic and Caste Census can help identify welfare beneficiaries without falling into a binary trap. The release earlier this month of the Socio-Economic and Caste Census (SECC) has been followed by much media analysis. Some have expressed scepticism about what it shows and others have treated it as yet another set of numbers on how many are poor in India. It has also been variously hailed as revolutionising benefit...
More »The digging-holes myth -Jean Dreze
-The Indian Express The view of MGNREGA as a makeshift work programme is far off the mark. Few social programmes in India are more resented by the corporate sector than the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). This is easy to understand, considering that one of the primary aims of the MGNREGA is to empower workers and reduce their dependence on private employers. Naturally, employers see this as a threat...
More »Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
More »With Economy on an Upturn, India Needs to Unlock Investments to Accelerate Growth, says World Bank
-The World Bank A World Bank study shows creating productive assets can help make MGNREGS cost effective New Delhi– The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the...
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