The current perception that cash transfers can replace public provision of basic goods and services and become a catch-all solution for poverty reduction is false. Where cash transfers have helped to reduce poverty, they have added to public provision, not replaced it. For crucial items like food, direct provision protects poor consumers from rising prices and is part of a broader strategy to ensure domestic supply. Problems like targeting errors...

It would be sad if the potential of cash transfers was lost as a result of hasty posturing by those on various sides of the debate. The fact is that, in India today, poverty and economic insecurity remain endemic in spite of fantastic economic growth. The existing system has failed to arrest the growing number in poverty, despite substantial government spending ostensibly designed to reduce poverty. Could cash transfers help? A...

The Chhattisgarh government has been exposed for shielding IAS officer Babulal Agarwal, who is worth Rs 253 crores, with 473 bank accounts. He owns 30 companies, set up in the last 11 years and has a life insurance policy worth Rs 85 lakh in his son's name. He was raided by the vigilance department in February last year, suspended and then reinstated. Agarwal is now serving as the Secretary, Corporation, in the Chhattisgarh...

The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...

-DNA   Populism is the buzzword these days in the government and it seems ministries are competing with each other to win the race in UPA. While the mining ministry had proposed that companies will have to share a part of their profits with the people whose land is acquired for mining purposes, rural development minister Vilasrao Deshmukh has proposed a moon to farmers. Coming as it does in the backdrop of...