-The Economic Times NEW DELHI: The government is working on a new index based on the consumption pattern of rural landless labour to fix wages under the Mahatma Gandhi National Rural Employment Guarantee Act, a move that is set to result in slower annual wage hike increases under the government's flagship social welfare programme. Rural wages under MGNREGA are at present based on the consumer price index for agricultural labourers (CPI-AL), which...
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Charge of the unenlightened brigade-AK Shiva Kumar
-The Hindu Jagdish Bhagwati's attacks on Amartya Sen are based on a series of misattributions and obscure the real issues on which the two economists differ Rich and lively public debates are the raison d'être of any democracy. But the recent attacks by Professor Jagdish Bhagwati on Dr. Amartya Sen confound the real issues on which Sen and Bhagwati differ. Bhagwati tries to position himself as a proponent of growth that would benefit...
More »This perverse rage against the poor-Harish Khare
-The Hindu With the economic boom petering out, those who benefitted from it are angry with the government for the Food Security Bill because it is paying attention to the needs of the underprivileged for a change This week's received wisdom insists that the Indian economy has irretrievably collapsed because on Monday, the Lok Sabha passed the National Food Security Bill (NFSB). The Hindu Business Line headline (Aug.28, page 1) said it...
More »More bite, less to chew -Latha Jishnu, Jyotika Sood and Suchitra M
-Down to Earth The most controversial aspect of the food security law is the restructuring of the public distribution system to cover an unprecedented 67 per cent of the population, most of them in the poorer states. LATHA JISHNU, JYOTIKA SOOD and SUCHITRA M explain why there are winners and losers in the new dispensation and how states with better PDS will have to find huge resources to keep their numbers...
More »Economists on the Wrong Foot: a critique of Jagdish Bhagwati and Amartya Sen-Ashish Kothari and Aseem Shrivastava
-IndiaResists.com The ongoing debate between two stalwart economists, Amartya Sen and Jagdish Bhagwati, must be joined by those who understand contemporary realities and challenges in terms altogether different from those of mainstream economists. In a recent (July 27) article in Times of India, Bhagwati's co-author Arvind Panagariya characterizes the differences between the two in the following terms. Sen favours education and health measures as being the first steps to tackle poverty...
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