The Union government has tabled two bills in the Lok Sabha in the last week of the winter session. Since one of them is the lok pal bill, it has hijacked virtually all the public attention. This is a pity for two reasons. First, there is considerable doubt whether the lok pal bill — in any form — can really be the magic solution that Team Anna would like us...

-The Business Standard   economists question veracity of the data; say too early for RBI to cut rates. Food inflation for the week ended December 10 fell to a four-year low of 1.81 per cent, after declining to 4.35 per cent last week. The decline is much sharper than what Chief Economic Advisor Kaushik Basu expected — he had predicted less than three per cent food inflation by early January. What’s more, many...

-The Hindu   ‘Had market-using reforms been used in auctioning spectrum, the scam would not have arisen” Batting for removal of licence regime to tackle corruption, noted economist Jagdish N. Bhagwati on Thursday said the auction of 2G spectrum in 2008 would have averted the telecom scam. He lauded the Congress-led United Progressive Alliance (UPA) government for bringing out anti-corruption legislation and asked the civil society to make suggestions and not impose solutions. “High-level...

An inconvenient truth? Or yet another case of shoddy data collection by state agencies? The government is scrambling to prove that it is the latter, after data on the UPA's flagship poverty alleviation programme shows that it may not be reaching its intended beneficiaries, those classified in official-speak as below the poverty line (BPL). A recent note circulated to all state departments by the rural development ministry revealed that only...

-The Economic Times Sonia Gandhi's pet programme - the food guarantee scheme - will be cleared by the Cabinet on Monday. The decision has been taken after discussions with agriculture minister Sharad Pawar, who has been seeking detailed deliberation on the financial implications of the scheme as well as its impact on the farm sector. The bill will be referred to the standing committee on food after its introduction in Parliament....