There is little or no doubt that the idea of direct cash transfers to India’s poorest has some heavy hitters behind it now. Besides the now famous second chapter of the Economic Survey and definite hints (and some statements that were more than hints) from Finance Minister Pranab Mukherjee, several state leaders have spoken up in favour of it. Bihar Chief Minister Nitish Kumar has more than once said that...

In his recent Budget speech, the finance minister reiterated the government’s plans to make India “slum-free” within five years. This mantra is now being chanted in many urban-related conferences. However, this raises a number of questions. What does a “slum-free” India really mean? Is the removal of slums really desirable? Most importantly, what needs to be done to improve the lives of the millions of urban poor? In this article,...

WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...

The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...

Spiralling prices of pulses have shown India’s dependence on imports. Pulses are integral to India’s diet but not its food policy. As a result, supply cannot meet demand. What are the consequences and solutions? Surendra Nath has switched to eating grass-pea, though he knows it is not good for health. But so is tobacco, he argues. He cannot do without pulses and pigeon-pea selling at Rs 100 a kg is beyond...