THE issue of foodgrain management policy has assumed renewed importance with several reports in the media of large-scale wastage and diversion from the public distribution system (PDS). In a cogently-argued paper recently, Prof Kaushik Basu, a well-known economist and the chief economic adviser in the ministry of finance, has argued for foodgrain to be released in lots of much smaller size into the market, than is presently done by the...

The diplomatic cables leaked by the WikiLeaks have provided a rare insight into how the United States has sought to exert pressure and influence policymaking in India, while the Niira Radia tapes present a sad picture of the vulnerability of the Indian state as corporate lobbyists have a free run. These were some of the views articulated at a discussion organised by the Delhi Union of Journalists and the Delhi Media...

The government's flagship programme MNREGA (Mahatma Gandhi National Rural Emolyment Guarantee Act) has created a source of additional income for families living below the poverty line in tribal areas of Rajasthan but has failed to check distress migration as minimum 100 days of employment assured under the Act is not provided to all workers. Many villagers in Dungarpur, Udaipur and Rajsamand districts claim that the scheme is mostly attracting women and...

The economic resolution adopted by the All India Congress Committee at the Burari session is a reiteration of the party’s last two election manifestos. It combines a commitment to rapid economic growth with that to redistributive policies that would help make the growth process socially inclusive. There is a helpful explanation of the three sources of inflation — excess demand, improved prices to farmers and global commodity price inflation —...

A direct outcome of the global economic crisis has been a decline in the rate of growth of wages across the world, barring Asia and Latin America. A study by the International Labour Organisation, Global Wage Report 2010-11: Wage policies in times of crisis, highlights this reality and points to the need for countries to put in place proper social and labour market policies to protect an increasingly vulnerable workforce....