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...

In a report released on January 30, and covered by the world’s press the next day, the United Nations has warned of a severe resource crisis that would overtake the world if current trends persist. A growing population and a rise in the number of middle-class consumers will increase the demand for resources so rapidly that even by 2030 the world will need at least 50 per cent more food,...

-The Economic Times   High agricultural wages due to the success of government's flagship employment guarantee programme has hindered the development of micro enterprises in the hinterlands, says a research paper by Indian School of Business (ISB). The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has facilitated poverty alleviation in rural areas, it has discouraged village-level entrepreneurial ventures, the study has concluded. MGNREGA entitles 100 days of employment in a year to...

The Right of Children to Free and Compulsory Education Act (RTE), in effect since April 2010, was a much debated piece of legislation, which, not surprisingly, came under attack from various quarters. Proponents of ‘low-cost’ private schools felt that it imposed an unnecessary burden in terms of infrastructural norms on schools.  Since 2010, Assessment Survey Evaluation Research (Aser) has reported compliance on many RTE norms, such as those related to school...

Iqbal Masud, the civil servant and critic, supported the ban on The Satanic Verses in 1989. His reason was simple: if the book remained on sale in India, Muslims would march in protest, policemen would fire upon them, some of them would die, and no book, said Masud, was worth the life of a single protester. There were, he allowed, legitimate arguments to be made about incitement, about mobs marching against...