The state government is contemplating building multiplexes in some selected gram panchayats to make urban entertainment available to the rural populace. Provisions starting from video parlours to indoor games, community halls and auditoriums will be available in these rural multiplexes. Besides, there will be at least 40 shops in each of the rural multiplex, which will be built on public-private partnership (PPP) mode. The proposal was discussed at a meeting chaired by...

Is Bihar on steroids, boosted by an excessive stimulus of dramatically higher public outlays than ever in the past? Like all stimulus, does it also bear the danger of slumping back when it is withdrawn? Is the widely acclaimed growth turnaround a durable and sustainable one? These are among the many issues, which are currently being debated. But first the facts. Bihar is the best turnaround story that the country has seen...

A section of the media seems to be mighty impressed with Bihar’s miraculous (11.03%) average annual growth during the 2004-05 to 2008-09, supposedly akin to that of Gujarat (11.05%) but is there a catch in this stunning statistics? (See the graph below). While the media has quoted the Gross State Domestic Product at factor cost (at constant 1999-2000 prices) as provided by the Central Statistical Organization (CSO), but the corresponding...

A new fund managed by the United Nations Development Fund for Women (UNIFEM) today announced over $9 million in grants to support initiatives in 26 countries to empower women, ranging from boosting their political participation in Bosnia and Herzegovina to assisting those denied inheritance and property rights in Afghanistan. The Fund for Gender Equality is a $68 million multilateral initiative, currently funded by the Governments of Spain and Norway, designed...

The New Year began with very good news about the Indian economy. During the last five years, 2004 to 2009, India’s most backward states have shown remarkable growth. Bihar, which grew at 4.5 per cent a year between 2001 and 2005, showed a growth rate of 11.3 per cent between 2005 and 2009. Similarly, Odisha increased its growth performance from 4.94 to 8.74 per cent between these two periods; Jharkhand...