-Economic and Political Weekly   Budget 2012, built yet again at the altar of fiscal fundamentalism, will not convince anybody. In this era of immediate assessment it took just a few minutes for the Union Budget for 2012-13 to be given one or the other negative appellation – “lacklustre”, “anti-growth”, “back to the 1980s”, “without reform” and the like. Such evaluations forget that union budgets have long since ceased to be statements of...

-The Telegraph On Monday mornings, the white ambassadors with red beacons go missing from the premises of the municipality in Visakhapatnam. Instead, a queue of bicycles adorns the parking ground in front of the office. Commissioner B. Ramanjaneyalu and his senior officials may be entitled to government cars but on the week’s first working day, they have to leave the comfort of their cars behind and compulsorily bike to office. It’s all part...

At a time when economic wisdom is seen as lying in allowing unrestrained play of economic power and cutting social sector spending, here is a report emphasising the economic sense in addressing hunger, especially child malnutrition. It also brings out the positive impact of employment guarantee scheme, which has been a thrust area of the UPA government but has seen a cut in allocation in Budget proposals for 2012-13. The report...

The Chhattisgarh government has filed a writ petition in the Delhi high court against the Central government over Jayaswal Neco Ltd’s applications for mining leases in a case that throws LIGht on the murky world of mining in India. The state alleges that the mid-sized steel-maker forged documents in its application to get iron ore mining leases in Rowghat in Bastar district and that the Union government directed it to consider...

In an interview with Mint in February, Jairam Ramesh, minister of rural development, was asked whether the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) would be rolled back in the upcoming budget as part of a plan to reduce the fiscal deficit. “How can we roll back a demand-driven programme?” Ramesh had replied. But that is precisely what seems to have happened. On Friday, finance minister Pranab Mukherjee announced a...