So why is the UPA hell-bent on killing its unique success story: the NREGA? Here's the inside narrative of the conspiracy. It took 47 days of a protest sit-in at Jaipur to make the state budge(1). It's notable that the objective of this protracted protest was not to coerce the Rajasthan government for an extra share of the state's resources, but to hold the government accountable to the Constitution and its...

Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...

Government’s food subsidy bill is expected to swell to around Rs 81,000 crore in the current financial year, up from the Budget estimate of around Rs 68,000 crore for 2010-11 because of higher cost of procurement of wheat and rice and increased allocations to Below Poverty Line and above poverty line families in the current financial year, official sources said. The 19% estimated increase in food subsidy also includes those part...

The debate on the climate negotiations, instead of discussing the nature of any policy shift, should define the national position and determine red lines for future negotiations. A new paradigm has emerged at Cancun. Instead of the multilaterally agreed emissions reduction targets of the Kyoto Protocol, there is now a shared target for all countries, where deep cuts in greenhouse gases are required according to science. Developed countries are to take...

The Experts Group chaired by the Prime Minister's Economic Advisory Council Chairman, C. Rangarajan, favours mandatory entitlement of subsidised foodgrains to the ‘priority' category (Below the Poverty Line) as recommended by the National Advisory Council (NAC). But the Group does not think that it is feasible to extend to the ‘general' category (Above the Poverty Line) legal entitlement of subsidised foodgrains under the Public Distribution System (PDS). The panel has suggested...