The budget is more concerned about the consumer than the grower A LOOMING food crisis in the world and high food inflation rates at home made Pranab Mukherjee’s proposals to boost agriculture in his 2011 budget more keenly watched than usual. These are factors that clearly weighed with the finance minister who repeatedly said that his principal concern this year has been the continuing high food prices. The squeeze on the...

There is a fundamental inequality in thE Governance arrangement in New Delhi that continues to plague the United Progressive Alliance. Members of Congress party president Sonia Gandhi’s National Advisory Council feel they have the right to criticise the government and its functionaries all the time, while no one in government is willing to return the compliment. In an interview to this newspaper, (March 13) the self-proclaimed father of India’s green...

The Union ministry of rural development is thinking of referring the two recent MGNREGS-related murders in Jharkhand to the CBI after arriving at the conclusion that the job scheme has been taken over by a contractors’ mafia in the state. According to a highly placed source in the ministry, the Centre was now convinced that the Jharkhand government was not taking adequate measures to undo the wrongs in the scheme. “Since...

Just reclassified Rs 1.46 lakh crore of spending as capital investment. Finance Minister Pranab Mukherjee’s Budget for 2011-12 seems to have used a new accounting system to make a virtue of necessity. Committed to provide funds to run the Mahatma Gandhi National Rural Employment Guarantee Scheme or MGNREGS, Mukherjee has transferred the entire financial allocation for the scheme under a head that will now help him take credit for a reduced effective...

Tamil Nadu offers maximum economic freedom and Bihar the least among 20 of India's big states, according to a study released on Tuesday. The Economic Freedom of the States in India 2011 ranked the states based on the extent of wealth, administrative and social parameters in 2009. The USbased Cato Institute published the rankings in association with Indicus Analytics and the Friedrich Naumann Foundation. Both the states retained their positions...