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Corporate karza maafi at Rs. 36.5 trillion -P Sainath

-PSainath.org The revenues foregone in 2013-14 could fund the rural jobs scheme for three decades or the PDS for four and a half years.  It was business as usual in 2013-14. Business with a capital B. This year's budget document says we gave away another Rs. 5.32 lakh crores to the corporate needy and the under-nourished rich in that year. Well, it says Rs. 5.72 lakh crores but I'm...

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A ‘smart’ idea for urban ills? -A Srivathsan

-The Hindu   The urban future depends on making cities intelligent, and that applies equally to both new and old parts of the city Smart cities, the flagship project of the Bharatiya Janata Party's urban vision, have received a firm financial allocation in the Union budget. The government has provided Rs.7,060 crore to build 100 smart cities as satellite towns on the outskirts of large cities to accommodate the burgeoning urban population. Foreign...

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Govt to check onion prices with imports -Sidhartha & Dipak Kumar Dash

-The Times of India NEW DELHI: Apprehending further increase in onion prices from next month due to short supply, the government appears set to import the key kitchen ingredient to cool down domestic prices. While a formal decision is expected next week, sources said public sector companies have been asked to look at the possibility of shipping onion from Pakistan, China, Malaysia and Iran. Officials said there are indications of wholesale prices...

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On the mythology of social policy -Jean Drèze

-The Hindu   India is among the world champions of social underspending. Without enlightened social policies, growth mania is unlikely to deliver more under the new government than it did under the previous one Few people today remember the letter written on August 7, 2013 by Mr. Narendra Modi, then Chief Minister of Gujarat, to Prime Minister Manmohan Singh. In this letter, available on the Bharatiya Janata Party (BJP) website, Mr. Modi criticised...

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Get over the growth fetish -Ashish Kothari

-The Hindu Business Line   Perpetual growth is a piece of nonsense. The focus should be on protecting livelihoods through sustainable means Construct a building, demolish it, reconstruct, break it down again, and go on repeating this meaningless exercise. You will have economic growth, as currently measured. But no net gain in employment during the endless cycle of construction and demolition, no net increase in productive capacity, and no appreciable change in poverty...

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