The Planning Commission's Approach Paper to the Twelfth Plan sticks with the neoliberal agenda despite claims of inclusive growth. INCLUSIVE was one word that came up time and again in the early announcements of the Planning Commission on the Twelfth Five-Year Plan. “Faster, Sustainable and More Inclusive Growth” was the slogan coined for the Plan and there was the promise of widespread consultations as never before as part of the processes...
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India needs to curb food wastage to tackle inflation: World Bank
-The Hindu Business Line Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...
More »Missing jobs by Jayati Ghosh
IN preparing the approach paper to the Twelfth Five Year Plan, the Planning Commission engaged “all interested persons” in the country in a wide, web-based consultative exercise and also involved a varied group of “stakeholders”. The resulting document clearly indicates some awareness of the complex problems likely to be faced by the economy in the coming period. But it falls short of expectations because it does not provide a cohesive...
More »India faces new epidemic with 60 million people morbidly obese by Robin Pagnamenta
India's economy may have been booming in recent years but so have the waistlines of those enjoying such dramatic growth. As a result a country more usually associated with famine is facing an unexpected epidemic with 5 per cent of population 60 million people -- now morbidly obese. This has kept bariatric (weight loss) surgeons such as Muffazal Lakdawala busy fitting gastric bands and stitching stomach bypasses for India's political and business...
More »Indian Activists Bring Anti-Coal Campaign to World Bank by Amanda Wilson
As leaders from two of the world's largest financial institutions, the World Bank and International Monetary Fund, met for annual meetings here Tuesday, a delegation of activists from India called on the World Bank to follow through with its proposal to dramatically cut funding for coal-burning power stations. Over the next few days, the delegation will travel from Washington to West Virginia where, in the heart of the Appalachian Mountains, activists...
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