Illegality in India today touches almost every economic activity. It is both systemic and systematic. The Indian ruling class faced its severest crisis of credibility in 2010. Its past caught up with it and skeletons and scams were spilling out of its closets. The scams have a symbiotic relationship with the black economy. The number of scams is growing and so is the size of the black economy, which has reached...

The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...

Neither celebrity nor politician, Sita Murmu, is extraordinary because she is the great survivor of that `other India'. She is not a beneficiary of the job guarantee scheme MGNREGA and doesn't have a BPL card. In her 60s, she lives in a Bhubaneswar slum and describes herself as a tribal widow without any land, regular income or schooling but "surviving —that itself is enough". Railing at the false promises of...

The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...

The world has made significant progress in income, education and health over the past 40 years, but the gains have been uneven and in some places war and the ravages of AIDS shortened life spans, according to a United Nations report on Thursday. Over all, average life expectancy around the globe jumped to 70 years in 2010, up from 59 in 1970. School enrollment through high school reached 70 percent...