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Teach them to fish

-The Financial Express     MGNREGS fails to deliver on even its own targets   Given how less than a tenth of households applying for jobs under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) have ended up getting the guaranteed 100 days of workin FY14-the figure was 14.5% in FY09-it is obvious the scheme is failing under even its own stated goals. At a time when both economic growth and jobs creation is...

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The weakest link in development lending-Joe Athialy

-The Business Standard     Institutions such as World Bank and Asian Development Bank (ADB) are considered the panacea of all ills that developing countries like India face. Although the amount of money these institutions lend is small, their influence on the economy is high. They continue to be the benchmark for social and environmental policies, good governance, climate change, corruption and so on. A look at some of the reports of these...

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The poor never had it so good -Subir Roy

-The Business Standard The dominant theme in the pre-election discourse is that misrule by the United Progressive Alliance (UPA) in its second term has led to sharply lower growth of gross domestic product (GDP), which Narendra Modi will reverse, the way he has made Gujarat shine. But the evidence on hand does not support this correlation between the quality of national political leadership and growth performance. If anything, there is...

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Universal pension for Indians -Kenneth Apfel

-Live Mint Economic transformation calls into question whether family-based support will continue over the next century Many of India’s growing elderly population face serious financial challenges. It is imperative that India institute a long-term strategy to strengthen the economic security of the elderly. While steps have been taken to provide pension security for some citizens, India still has a very long way to go to prepare for the future.   As a very...

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Water For The Leeward India -Jean Dreze and Reetika Khera

-Outlook As subsidies for the poor continue to be under attack, a ground-up report from 10-states shows how well welfare schemes have worked over the last 10 years. Ahead of Elections 2014, rights-based welfare schemes are under attack. To those who argue ‘Dolenomics' doesn't work, a survey of five schemes in 10 states shows that the Rs 1,68,478 crore annually the nation spends is making a real and tangible difference on...

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