-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...

-The Hindu   Dr. Ahluwalia does not contradict a single fact in the article: (i) Rs.2.02 lakh daily average expenditure for trips between May and October 2011 (well after his “busy” G-20 period ending in 2010). No “gross extravagance”? (ii) 274 days abroad, or one in every nine. Factor in travel days and it could be one in seven away from office. (iii) 42 trips, half of them visits to the U.S. (several trips not...

The key issue is not availability or resources but last mile delivery: how to reach foodgrains to people. In ancient Greece, the punishment given to Tantalus was to tie a cup around his neck and fill it with water. Every time he bent to take a sip, the cup would drop further and he would never get a drop into his parched mouth. From this comes the word “tantalizing”. Something like...

  For women, the NREGA would bring important social gains   Not being an expert on the subject and too lazy to read all the fine print, I do not know the exact allocations under the Mahatma Gandhi National Rural Employment Guarantee Act this year. But I gather the money has been cut down, largely because the sums allocated last year were not fully used by most states. Maybe there were other considerations...

To get the Below Poverty Line figures in perspective, we need to closely monitor the numbers driving the Corporate Plunder Line. One Tendulkar makes the big scores. The other wrecks the averages. The Planning Commission clearly prefers Suresh to Sachin. Using Professor Tendulkar's methodology, it declares that there's been another massive fall in poverty. Yes, another (“more dramatic in the rural areas”). “Record Fall in Poverty” reads one headline. The record...