-Live Mint High on hype, the budget speech of the Union finance minister today is merely a statement of account. As India’s economy diversifies—with the private sector playing an increasingly important role—this annual feature has assumed much lower salience. Not only have fiscal policies lost the space they enjoyed in earlier years, even major policy announcements are restricted to being mere statements of account. Examples from other arenas include “activism” on...

Water is the most critical of all natural resources on which modern economies depend. Water scarcity and rapid economic advance cannot go hand-in-hand. Yet, with its per-capita water availability falling to 1,582 cu m per year, India has become water-stressed.  In 1960, India signed a treaty indefinitely setting aside 80% of the Indus-system waters for downstream Pakistan - the most generous water-sharing pact thus far in modern world history. Its 1996...

-Mid Day   India shines in its malls but slips badly when it comes to ensuring the well- being of its millions India may well be the world's fastest growing "free market"economy, but it is no competition to its neighbours when it comes to the social wellbeing of her people. A comparison with the neighbouring nations shows that besides Pakistan, all others like Bangladesh, Nepal, Sri Lanka and China are far better off in...

-The United Nations   Hundreds of millions of children in cities across the world are growing up in poverty and enduring deprivation, according to a report unveiled today by the United Nations, spotlighting social exclusion and calling for measures to give the youngsters access to basic services and opportunities for a better future. ‘The State of the World’s Children 2012’ report released by the UN Children’s Fund (UNICEF), highlights the hardship that many...

India moved a step closer to implementing cash transfers of direct subsidies and social welfare payments after a high-level panel presented the blueprint for effecting it through an Aadhaar-based payment gateway. Accepting the report, which details how all payments and cash transfers can be made electronically, finance minister Pranab Mukherjee indicated that it will be the key to plug leakages and ensure more targeted spending under the government’s social welfare programmes. The...