One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...

-The Economic Times Data released by the Planning Commission on Monday showed that poverty had significantly declined between 2004-05 and 2009-10. The catch is that this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark that had triggered an outrage when the government submitted it to the Supreme Court.  The new estimates are based on a poverty line that averages Rs 672.8 per month...

-IANS   States should be allowed to declare an off period for the rural jobs scheme MGNREGA during peak agricultural season, says Sumitra Mahajan, chief of a parliamentary panel on rural development. She also believes extending the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) to urban areas - as suggested by the Economic Survey last week - is not practicable unless the scheme is made to include semi-skilled work apart from manual...

In a report released on January 30, and covered by the world’s press the next day, the United Nations has warned of a severe resource crisis that would overtake the world if current trends persist. A growing population and a rise in the number of middle-class consumers will increase the demand for resources so rapidly that even by 2030 the world will need at least 50 per cent more food,...

Worried at the prospect of having to match the arbitrary minimum wage rate fixed by the states, the central government is considering changes in the law to specify a separate wage norms for its flagship rural employment guarantee scheme that is undergoing a complete makeover under minister Jairam Ramesh.  The centre has already contested in the Supreme Court a Karnataka High Court interim order directing it to align wage rates under...