Attempts by the Indian government to combat poverty are not working, according to the World Bank. The governing coalition spends billions of dollars - more than 2% of its gross domestic product - on helping the poor. But a new World Bank report says aid programmes are beset by corruption, bad administration and under-payments. As an example, the report cites grain: only 40% of grain handed out for the poor reaches its intended...

A World Bank review of India’s social sector programmes has suggested a smaller public distribution system with more cash transfer, reworking of NREGA as a public works programme for urban areas and finally, a social security package including health care for those without regular employment. The report titled ‘Social Protection for a Changing India’, was commissioned by the Planning Commission. The bank said the three-pillar approach should be combined with social...

-News One   Though India’s social sector spending is higher than many other developing countries, one of its flagship welfare programs — the public distribution system (PDS) — is fraught with leakages, a World Bank report said Wednesday. The PDS scheme, which consumes around one percent of the country’s gross domestic product (GDP) and covers upto 25 percent of the poor households, has had limited success, as only 41 percent of the...

Mass leaders in India have a tradition of broaching BSP —bijli, sadak and pani — issues to strike a chord during election rallies. However, in almost each of her 150-plus rallies across the state in the election season, Mamata Banerjee deviated from the conventional mix and squeezed into her speech phrases like debt burden, public finance and economic recovery. Whether such esoteric terms found resonance or not, Mamata did get across the...

TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...