Prime Minister Manmohan Singh said on Saturday that the country needed to cut down on its dependence on debt to finance its developmental programmes and find ways to reduce the current level of subsidies. "The financing of the plan expenditure has depended far too much on debt. This must change," said Singh while addressing a meeting of the National Development Council (NDC), the country's top policy forum. To fund its...

Chidambaram to explain Centre's plan to deal with Maoist activities in a holistic manner Meet to iron out problems in coordination among States To discuss plan to redeploy paramilitary forces Prime Minister Manmohan Singh will preside over a meeting of Chief Ministers of Naxal-affected States here on Wednesday. Chief Ministers of Orissa, Chhattisgarh, West Bengal, Maharashtra, Andhra Pradesh and Bihar will attend the day-long meeting, which will discuss a fresh strategy to fight the...

India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...

Troubles continue for the government's dream project Unique Identification Authority of India (UIDAI). Already battling a staff crunch, its request for Rs 7,000 crore to roll out 60 crore UID numbers in the first phase has been shot down by the Empowered Finance Committee (EFC). "The EFC is understood to have refused to entertain the request of the UIDAI for Rs 7,000 crore to execute the first phase of the ambitious...

The planned National Food Security Act represents a unique opportunity to achieve gains with respect to the public distribution system. However, the current draft is a non-starter. When I first visited Surguja district in Chhattisgarh nearly 10 years ago, it was one of those areas where the Public Distribution System (PDS) was virtually non-functional. I felt constrained to write, at that time, that “the whole system looks like it has been...