-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...

Bihar Government's programme of distributing bicycles to school girls may be a modest intervention but is leading to big changes. A new research-based paper, brought out in August 2013, corroborates the success of the programme and testifies that it is leading to improved school enrollment of girls and arresting their dropout rates (See links below to read full paper and earlier studies on the subject).   Based on econometric and statistical models,...

-The Hindu It is the only sector that can create jobs and prevent the economic crisis from deepening In the last two decades, the Indian economy has witnessed a transformational change to emerge as one of the fastest growing economies in the world. Economic reforms unveiled in 1991 have brought about a structural shift enabling the private sector to assume a much larger role in the economy. GDP growth has largely been...

-Economic and Political Weekly The financial implications of the National Food Security Bill, which has now become law, are going to be huge. This analysis points out that one needs to take into account not only the cost of the food subsidy but also the costs of setting up or running new institutions and bureaucracies, and the costs that are likely to arise if there are political pressures to protect the...

-Economic and Political Weekly A number of independent estimates have been made of the cost of implementation of the National Food Security Bill, now an Act. However, these estimates are either based on wrong assumptions or work with numbers that are not in the public domain. The one thing that most of them share is an attempt to demonstrate that the costs will be unaffordable. Please click here to access the entire...