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India’s best hope is that the Budget due February 2015 chooses growth and jobs -Arvind Panagariya

-The Times of India Blog The presidential address to Parliament on June 9, 2014 had focussed nearly exclusively on projects and schemes, eschewing policy. Therefore, many had eagerly awaited the budget speech for a policy vision of the new government. Unfortunately, it too left observers guessing on whether the government would tackle tough reforms or rely principally on better implementation. Had this been the budget of the United Progressive Alliance (UPA), arguably...

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Ration card’s out, Aadhaar in to open bank accounts -Mayur Shetty

-The Times of India MUMBAI: The ration card - the government issued booklet for availing of subsidized food under the public distribution service - is set to lose its privileged status as a valid document for opening bank accounts. Aadhaar is now set to become the single universal document for opening a bank account in India. In a circular dated July 17 addressed to banks, the RBI said that it has revised...

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How Much Can We Forgo To India Inc? -P Sainath

-Outlook India To the social subsidy whiners, please check corporate write-offs column The TV anchor asked eagerly of Arun Jaitley whether he would take hard decisions or, in the case of a bad drought, revert to loan waivers and (obviously wasteful) subsidies. The finance minister replied that it depended on the situation as it unfolded but he hoped he wouldn't have to return to such steps. "We hope so too," said...

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The price of prosperity-Sravasti Datta

-The Hindu   Candles in the Wind, a documentary film by Kavita Bahl and Nandan Saxena depicts the plight of Punjab's farmer widows Bangalore: Punjab is said to have benefitted the most from the Green Revolution. Documentary filmmakers Kavita Bahl and Nandan Saxena break this myth of prosperity in their award-winning film, Candles in the Wind. The film, which received a special mention at the 61st National Film Awards, shows how the State has...

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A Price to Pay for Selling on the Street -Neeta Lal

-IPS News   New Delhi: Bhure Lal, a 33-year-old street-food vendor, has been selling his spicy ‘chaat' outside the New Delhi Railway Station for 15 years. But despite a punishing 12-hour work schedule, and a new law to protect hawkers like him, he doesn't take home enough to feed his family. More than half of Lal's weekly income from the ‘chaat', a lip-smacking pot-pourri that is particularly popular with women, is extorted by...

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