-The Hindu   Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...

-Live Mint   Rights laws offer an important lesson for the new government: you cannot legislate your way out of state failure It is well known that the Indian state suffers from a serious crisis of implementation capability. So deep is this crisis that it cannot even reliably perform the most routine tasks like moving money and getting employees to show up at work. So, it is hardly surprising that rights laws have...

-The Indian Express Candidates are expected to spend up to R11,000 crore collectively Election spending by candidates and the state machinery for the upcoming General Elections is expected to bring about only a marginal rise in the GDP growth of the world's largest democracy. Poll expenditure, which is estimated to touch Rs 11,000 crore by candidates in the country's 543 Lok Sabha constituencies could increase the country's gross domestic product by about...

-The Hindu Like 75-year-old Mano Devi, many villagers of Latehar in Jharkand have been running from pillar to post to get Aadhaar card Latehar: At 11 am, Mano Devi reached the Garu block centre, Latehar, in a basket slung from a bamboo stick, carried by two youths from village Doram, 25 km away. The young men, Bhojendra Singh and Mithu Singh, went straight to the pragya kendra (IT centre) but Mano Devi...

-Economic and Political Weekly   It is debatable if the report of the Reserve Bank of India's committee on comprehensive fi nancial services - the Nachiket Mor Committee - offers practical solutions for extending Banking Services to the poorer sections of society and small businesses. The committee's recommendations are largely conceptual, and some of them could even have serious negative consequences. It is to be hoped that the RBI will examine all...