The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...

Like many board games that were developed in India, of which chess is perhaps the most important and famous, the game of “snakes and ladders” too emerged in this country a long time ago. With its balancing of snakes that pull you down and ladders that take you up, this game has been used again and again as a metaphor for life, telling us about our fortunes and misfortunes, and...

Has the explosion of media in India been a mixed blessing? With more than 70,000 newspapers and over 500 satellite channels in several languages, Indians are seemingly spoilt for choice and diversity. India is already the biggest newspaper market in the world - over 100 million copies sold each day. Advertising revenues have soared. In the past two decades, the number of channels has grown from one - the dowdy state-owned broadcaster...

Pointing out that nearly one out of seven Americans face food insecurity, Nobel Laureate Joseph Stiglitz said here on Thursday that by recognising the right to food as a basic human right, India is leading the way for the rest of the world. “India has recognised the right to food as a basic human right, leading the way for the rest of the world, and is on the verge of a...

India must not obsess with how fast its economy is growing and instead pay more attention to its human development indicators which are worse than even that of Bangladesh, Nobel prize-winning economist Amartya Sen said. Sen, known among his peers as the Conscience of Economics, said slower growth is not a good enough reason for national gloom. If India really must feel upset, it should be because the country is...