When the Indian government met the largest economic crisis the world has faced in nearly 80 years with tax cuts, aid for rural workers and interest rate cuts, critics said it was not enough. Now, though, it looks as if the policy makers may have offered too much. India’s $1 trillion economy, largely insulated from the global crisis by low reliance on exports and a heavily regulated banking system, has exceeded expectations...
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Diary of Digging Dirt
Why would a politician turn cheerleader for those trying to dig dirt against the men and women who form the final but vital link in his political supply chain - the sarpanches or village heads? Perhaps to show his commitment to the government program he owes his job to. This month, Bhilwara in Rajasthan saw something best described as 'social service' meets 'crack investigation': around 1500 people voluntarily gathered and...
More »The winter of our austerity by P Sainath
Growing numbers of elected representatives fund their poll campaigns with corporate backing. And growing numbers of people with a big business background have ventured directly into the electoral arena. Corporate Affairs Minister Salman Khurshid’s call for restraint, however mild, on the CEO feeding frenzy at the compensation trough, seems the least objectionable statement made by a Minister in months. (Contrast this, for example, with the Agriculture Minister’s warning that people...
More »Films chart despair of India's farm suicides by Prachi Pinglay
The film industry is tackling the controversial issue of farmer suicides After drinking pesticide out of sheer desperation, poverty-stricken farmer Nandu collapsed. He did this on screen in front of an audience at a packed multiplex cinema, which issued a collective gasp. Nandu is just a character in a recent Indian film about farmer suicides. But his tragic fate has been a reality for thousands of farmers across India. For the first...
More »FinMin exhausts 80% funds for foreign travel in two quarters
Even as the finance minister recently stepped in to issue an advisory to curtail unnecessary expenditure, it is learnt that the finance ministry has already used up more than 80 per cent or four-fifth of its funds allocated for foreign travel in the first two quarters itself. According to senior government officials, Rs 3.3 crore was allocated to the ministry in the Budget this year for foreign travel with an...
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