There are times when fathers and sons say the same things. In 2008, days after terrorists from Pakistan massacred scores of people in Mumbai, a group of affluent young couples met for dinner. They work in large corporations, hold university degrees from the United States and England, subscribe to The Economist and even read it. But it was inevitable that when the men started talking about how the Indian government was too...

The recent estimates of employment and unemployment from the 66th round (2009-10) of the National Sample Survey (NSS) belie any hopes that the growth of the Indian economy between 2004-05 and 2009-10 has been inclusive. Employment has expanded by only a million jobs during this period. Not only is this lowest ever growth recorded in any such period, the fact that it occurred during the period of highest growth in...

Experts at a discussion on "Two decades of economic reforms: The way forward", organized by CII, Bihar state centre, said the economic reforms had not lessened the urban-rural divide; hence rural people could not generate substantial demand in the economy, though the savings rate enhanced in the last two decades. Director, Asian Development Research Institute, P P Ghosh, said the savings rate had increased from 12% in 1951 to 35%...

The Rural Development Ministry seems to be a familiar ground for Jairam Ramesh . No sooner was he given the new portfolio, he announced that the two bills related to land acquisition would be clubbed. The minister spells out his priorities in an exclusive interview with ET. Excerpts: What will be the key motif for the omnibus land acquisition law you are proposing? The bill will be facilitative not restrictive....

Though it remains susceptible to leakages and can do with greater oversight, the National Rural Employment Guarantee scheme (NREGS) appears to have boosted rural incomes by providing job seekers at least 100 days' guaranteed labour every financial year. That's why the Union rural development ministry's reported advisory to states to 'informally' suspend NREGS operations during peak farming season isn't a very good idea. For starters, the move would be legally...