-Live Mint The big question is whether commitment made by Chidambaram-to contain fiscal deficit at 4.8% of GDP-will be met With the current account deficit in check, the spotlight is now on the second major macroeconomic problem that needs to be fixed: the fiscal deficit. The big question is whether commitment made by finance minister P. Chidambaram in the budget-to contain the fiscal deficit at 4.8% of gross domestic product (GDP)-will be...
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A case for universal pension -Jayati Ghosh
-Frontline In a situation of increasing life expectancy and crumbling traditional support structures, a universal social pension scheme that does not rely on contribution by a person or an employer can help the elderly. INDIA prides itself on being a "young" society, likely to benefit from a demographic dividend as children and young people move into working age groups over the next decade. This optimistic view assumes that society will be able...
More »The Truth Is Out There -Uttam Sengupta
-Outlook The state elections rolled out smoothly, but it's money power which ruled on the ground As we celebrate the smooth working of a massive electoral exercise-simplistically dubbed by many as the semi-final to the greatest show on earth, General Elections 2014-a realisation has dawned that the role of ‘money power' is reaching alarming proportions. Sure, elections are more fool-proof today than in the past, and most (rightly) salute the EC...
More »Bowing to pressure, govt reworks communal violence bill -Bharti Jain
-The Times of India NEW DELHI: The government on Thursday agreed to rework the Prevention of Communal Violence Bill, bowing to criticism from the BJP and regional parties. BJP had attacked the original draft of the bill, promised by the UPA in 2004, saying it was loaded against the majority community and marked an assault on the powers of states. Besides, regional parties also opposed the first draft of the legislation because...
More »Cure the malaise, not its symptoms-Anirudh Krishnan
-The Hindu There has been a systemic breakdown in the justice delivery system The critics of the Aarushi murder case seem unable to see the wood for the trees. The focus of endless debate on the case has been on an inadequate appreciation of evidence and the role of the media in cases of this nature. The main issue appears to have been missed - the fact that the overcooked scrutiny is...
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