For decades the sprawling state of Bihar, flat and scorching as a griddle, was something between a punch line and a cautionary tale, the exact opposite of the high-tech, rapidly growing, rising global power India has sought to become. Criminals could count on the police for protection, not prosecution. Highwaymen ruled the shredded roads and kidnapping was one of the state’s most profitable businesses. Violence raged between Muslims and Hindus, between...
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Chronic Hunger by Ajoy Ashirwad Mahaprashasta
Last summer, about 150 families of Kachan village in Jharkhand’s Palamu district decided to pool funds to repair their only community tube well. A drought, the worst in many years, had dried up two ponds; there were no wells around; and the tube well had been dysfunctional for a year. It took a lot of hardship and one whole month for them to put together what the mechanic had asked...
More »The Economy of Knowledge by Sukanta Chaudhuri
In our 63rd year of Independence, the Right to Education Act comes into effect on April 1. On the eve of its launch, the Union education minister has balanced our perspective by another resolve. India’s enrolment rate for higher education is around 12 per cent. He would increase this to 30 per cent, in line with the advanced nations. There is only one snag. Unlike in advanced countries, one Indian in...
More »Cabinet nod sought on NREGS officers by Liz Mathew
In an attempt to prevent the misuse of funds under the National Rural Employment Guarantee Scheme (NREGS), the Planning Commission will seek cabinet approval for appointment of evaluation officers to ensure that the money is not misappropriated. “The Planning Commission has already received favourable comments in this regard from all concerned departments including Ministries of Finance and Panchayati Raj,” said Sudha Pillai, secretary, Planning Commission, while releasing the Associated Chambers...
More »Kaushik Basu interviewed by Manav Chopra
Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...
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