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Republic of Hunger-Akash Bisht

-Hard News Media Despite the high economic growth, India has the highest proportion of malnourished children in the world. Nobel laureate Amartya Sen, Montek Singh Ahluwalia and others gathered at IIT Delhi to discuss the Food Security Bill The jam packed Dogra auditorium of IIT Delhi was a testimony to Nobel laureate Amartya Sen’s popularity amongst students, teachers, activists, economists, among others who had congregated to hear him talk on the...

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Dismal economic data adds to government’s woes

-The Times of India There was no let up in bad news for the government on the economic front. Amid the debate over slowing economic growth, data released by the Central Statistics Office (CSO) on Tuesday showed industrial output fell 0.6% in December, posing fresh policy challenges. This is the second successive month of decline for factory growth which has remained anaemic due to a string of factors including high interest rates,...

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Food for granted-Sebastian PT, N Madhavan and E Kumar Sharma

-Business Today What does the proposed food security law mean for the government's finances? Most days, around half a dozen middleaged men in Tamil Nadu's Nemam village head for a slushy pond. They are farm labourers who have had little work for the past few months because of a drought in their Tiruvarur district. As an alternative they catch fish, but the income from it is not enough to survive on. "But...

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EPFO to include 'AAA' rated corporate bonds in portfolio-Raj Kumar Ray

-The Indian Express The Employees' Provident Fund Organisation is set to widen its investment horizon by including 'AAA' rated corporate bonds of any private company in its portfolio following a clean chit from Crisil, a move that can open up a window for blue-chip corporates to raise about Rs 35,000 crore through long-term debt papers annually. Crisil, which was appointed by EPFO to advice on investment portfolio, has said that none of...

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Capitalism and Equality-Prabhat Patnaik

-The Telegraph Even reformed capitalism cannot give equal opportunity There is a view that the real problem with capitalism is that there is no equality of opportunity under this system. Your entire life gets determined by which class you happen to get born into. If the effect of this ‘happenstance’ could somehow be eliminated, so that everyone enjoyed equality of opportunity, then even though income and wealth inequalities continued to remain...

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