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From Rags to Penury-Ranjit Devraj

-IPS News India's planners worry about ‘jobless growth', but perhaps nothing illustrates this phenomenon better than a policy of handing over the collection and disposal of the capital's refuse to large private corporations, leaving close to 50,000 ragpickers unemployed. For decades ragpickers provided a service to this city, scavenging waste for recyclable plastic, aluminium, glass and other materials, and earning a livelihood by selling their pickings to contractors with equipment to process...

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Blame Govt for high wheat prices -CP Chandrasekhar and Jayati Ghosh

-The Hindu Business Line   The general tendency among Indian policy makers currently is to blame international price movements for the rise in prices of essential food items in India. The extent to which this claim is valid is assessed by examining the specific case of wheat. It is no secret that Indian food prices are increasingly affected by international prices. Ever since 2002, when all quantitative restrictions on Indian imports of agricultural...

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Maintain no-fail policy but increase accountability for schools and teachers

-The Times of India There was some grumbling when Indian taxpayers were told in 2004 that they would have to begin paying an education cess of 2%. But the move also inspired a lot of positivity, because of a widely-shared belief that upgrading education is the most effective thing our government can do to lift Indians into affluence. Although it took the Parliament another half decade to enact the Right to...

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The Political Economy of Shadow Finance in West Bengal-Subhanil Chowdhury

-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highlights the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...

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In story of Saradha's crores, Bengal's forgotten hundreds -Madhuparna Das

-The Indian Express West Bengal is not new to chit fund scams. What is unique to the Saradha Group scandal is how it targeted the poorest and the most marginalised, leaving them on the verge of devastation. From 17-year-old agents who raised money from depositors to 50-year-old widows who invested money, the Saradha Group didn't discriminate in roping them in. Since the house of cards started collapsing, two agents and two...

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