Forget the rhetoric, the FM’s left little for core social sectors The Union finance minister’s enthusiasm in marking the roadmap to financial discipline and pushing reforms in Budget 2010 is somehow missing in his proposals for inclusive growth. These proposals lack the required homework—in referring to relevant literature, including some recent government reports, and in making estimates of the required funds—and certainly do not reflect much commitment to inclusive growth. Agriculture—which...

The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...

This staggering loss has affected India's agri business Sustainable supply chains needed to link farmer to marketing centres The decline in the farm sector will hit the food and grocery retail sector too. It is estimated that the growth rate in the food and grocery retail sector will dip to 8.8 per cent during 2009-10 from 9.5 per cent during 2008-09. The food and grocery retail sector is worth Rs. 10.24 lakh crore....

Ranchi: It was a budget aimed at sweetening the bitter price rise pill. From cutting down VAT on diesel, sweets and ice- cream to making foodgrains available at Re 1 per kg for the poor, deputy chief minister Raghubar Das today presented an annual budget which focused on rural development, food security and social welfare. Chanting the “inclusive growth” mantra, Das, the BJP face in the Shibu Soren government, showed...

Much of the daylight robbery in the name of Commonwealth Games has been justified in the name of "National Prestige" and "World class aspirations. Whether all these surreptitious measures will eventually deliver the games is an open question? The Commonwealth is a 'friendly' association of those 72 colonies which were once part of the British Empire and rose to free nationhood - some through protracted struggle and others through negotiation. In...