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Winnowing fact from rhetoric: A look at what figures tell of UPA's regime-Maitreesh Ghatak

-The Economic Times     There is a narrative that the UPA's rule at the Centre led to an economic disaster, especially in the second term. In contrast, Gujarat has prospered, thanks to Narendra Modi's good governance. We have several problems with this. First, through UPA's first term and about halfway into its second, many economic indicators critics like to harp on were much better than those during the NDA days. This is true...

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Rice bowl turns into pricey real estate -B Kolappan

-The Hindu     Paddy cultivation is no longer lucrative in Kanyakumari district Kanyakumari: The fertile rice bowl of erstwhile Travancore, now part of Tamil Nadu's Kanyakumari district, is gripped by a serious economic and ecological crisis. The emerald green paddy fields, banana and coconut groves in the backdrop of the Western Ghats, and irrigated by hundreds of water bodies may soon fade into a neglected prized painting, if urgent measures are not taken, warn...

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Crony capitalism or plain corruption?-Arvind Virmani

-The Hindu   Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...

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A raw deal for migrants-Jayati Ghosh

-Frontline     Significant part of economic migration is still the result of desperation rather than hard-headed economic calculation. This, in turn, affects the conditions under which workers migrate and their lives and work as well.   PERHAPS the most poignant moment in the film Peepli Live-even though the movie is really more about the media than about the socio-economic realities of India-is at the very end, when the hapless protagonist, now a former farmer...

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The jobs debate-Pramit Bhattacharya

-Live Mint   What explains the mystery of job growth slowing so drastically just when growth spiked up so rapidly? The health of the economy occupied the centrestage of the political battlefield this week, as the ruling United Progressive Alliance (UPA) and the opposition National Democratic Alliance (NDA) engaged in a spirited debate on India's economic performance. A major bone of contention was the slower pace of job growth in the UPA's 10-year...

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