The finance ministry is planning to change the face of banking in the Red corridors at the tribal heartlands of India. The move is part of the government decision to redraw its law and order management and development plans in view of the growing Naxalite menace threatening the Indian state. As the banks, like any other government institutions bear the brunt of Naxalite terror, Finance Minister Pranab Mukherjee is mooting the...

Armed with integrated action plans for 35 Naxalite-affected districts in nine states, the Planning Commission is all set to approach the Union Cabinet for a proposed outlay of Rs 13,742 crore to wean away the tribals from sympathising with the Maoists through comprehensive infrastructure and economic development as well as proper implement of the Panchayats Extension to Scheduled Areas (PESA) Act, 1996 and related Scheduled Tribes and other Traditional Forest...

In April, India’s Planning Commission accepted recommendations put forth by the so-called Tendulkar Committee on a new poverty headcount for the country. Constituted by the Planning Commission under economist Suresh D Tendulkar, the committee, after four years and a new methodology, arrived at a new figure for the number of Indians living below the poverty line: 37.2 percent, ten points higher than the previous official figure. With the government’s subsequent...

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...

Chanchala Devi always wanted a house. Not a mud-and-stick hut, like her current home in this desolate village in the mineral-rich, corruption-corroded state of Jharkhand, but a proper brick-and-mortar house. When she heard that a government program for the poor would give her about $700 to build that house, she applied immediately. As an impoverished day labourer from a downtrodden caste, she was an ideal candidate for the grant. Yet she...