Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...

Increased representation for women can unleash a broader process that can be set in motion by the strength of sheer numbers. One measure of whether it is important to have women in important policy formulation roles is to examine how a largely male-dominated system of government has served women. It turns out that India performs very poorly in this regard. Despite a few heartening examples to the contrary, in general Indian...

The Right of Children to Free and Compulsory Education Act (RTE Act) will be notified on April 1. The Act attempts to address the historical problem of continuing illiteracy as well as the lack of educational opportunities that persist for sections of our population even sixty years after adoption of the Indian constitution. The socio-political, legal and financial aspects of the Act have been much debated and its final form...

The proposed Food Security Bill should adopt a three-pronged strategy that constitutes a Universal Public Distribution System for all, low-cost foodgrains to the needy, and convergence in the delivery of nutrition safety net programmes.  In his latest budget speech, Finance Minister Pranab Mukherjee announced: “We are now ready with the draft Food Security Bill which will be placed in the public domain very soon.” Although no official draft has been...

Caste is feudal, the market free and equal. Correct? Ask Ratan Lal Sirswal or Deepak Jatav. Sirswal, 75, had started off as a sweeper but is now one of the oldest businessmen in Panipat, Haryana. He quit his sweeper’s job once his handloom unit was on its feet. His success, he says, came largely because he hid the fact that he was born a Valmiki Dalit. Customers who discovered his caste origins...