Two villages in Uttar Pradesh have reversed the trend of migration by digging six kilometres of channels to bring water to drought-hit farms Call it the fallout of seven years of severe drought or government inaction, a silent revolution is brewing in Lalitpur district of Uttar Pradesh. Communities are getting united and digging channels to bring water from government canals to their fields. Some are volunteering labour, while those belonging to...

The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...

Is price rise going to be a permanent fixture because of India's high growth rate? This appears to be the argument put forward by the government's top economic advisers in the recently issued Economic Survey. It argues that historical experience shows that consumer prices increase faster in countries going through a fast growth phase compared to those with slower growth rates. But analysing inflation and growth data collected by the International...

Three ostensibly disparate recent events have left me pondering about a lurking common thread among them: the Egypt uprising, PM’s appointment of a Cabinet-rank advisor for skills development and the fifth anniversary of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). What could be common among unrest in the Arab world, a seemingly inconspicuous government appointment and a fifth anniversary of a social welfare programme? The answer is youth,...

The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....