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The weakest link in development lending-Joe Athialy

-The Business Standard     Institutions such as World Bank and Asian Development Bank (ADB) are considered the panacea of all ills that developing countries like India face. Although the amount of money these institutions lend is small, their influence on the economy is high. They continue to be the benchmark for social and environmental policies, good governance, climate change, corruption and so on. A look at some of the reports of these...

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Will Modi ‘waste’ his mandate?-Sunil Jain

-The Financial Express   Even in the BJP's Chhattisgarh, the costs of running the PDS outweigh the benefits-Aadhaar is the obvious answer   The first nail in Aadhaar's coffin, it has to be said, was driven in by none other than Nandan Nilekani. The day the father of the UIDAI's Aadhaar decided not to be a technocrat anymore, and chose to become a Congressman, he gave Aadhaar a distinct political flavour. It was now...

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The Third World's drinking problem-Asit K Biswas & Peter Brabeck-Letmathe

-The Business Standard   International organisations recognise the impending shortage of potable water but their approach is entirely wrong During this year's gathering in Davos, the World Economic Forum released its ninth annual Global Risks report, which relies on a survey of more than 700 business leaders, government officials and non-profit actors to identify the world's most serious risks in the next decade. Perhaps most remarkably, four of the 10 threats listed this...

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Bihar has little money to pay workers under MGNREGS -Alok Gupta

-Down to Earth   Blames Centre for non-release of funds Bihar has very little money to pay people under the Central welfare scheme that guarantees 100 days of employment to the rural poor in a year.   Central government's reluctance to release funds under its Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is said to be the main reason for the crisis. Nitish Mishra, Bihar's rural development minister, told Down To Earth that the...

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The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra

-The Business Standard   The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...

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