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RIP Planning Commission -Nitin Desai

The Business Standard The Planning Commission has not been central to the policymaking process since the mid-1960s In his Independence Day speech, Prime Minister Narendra Modi announced the end of the Planning Commission. There will be few mourners at its funeral, mainly old war horses like me. So this is in the nature of an obituary for an institution in which I served for a decade and a half, and where I...

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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar

-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...

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Union Budget and the 'Digital Divide': Old Wine in New Bottle -Vipul Mudgal

-Economic and Political Weekly   The emphasis on use of digital technologies to bridge the "rural-urban gap" in the union budget is limited to high talk and minimal allocations. The need for a more comprehensive and peoples' participation-oriented rural action plan should have been the focus while setting sectoral allocations, but that is not to be in this mid-year budget. Vipul Mudgal (vipulmudgal@gmail.com) heads the Inclusive Media for Change project at the Centre...

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India’s best hope is that the Budget due February 2015 chooses growth and jobs -Arvind Panagariya

-The Times of India Blog The presidential address to Parliament on June 9, 2014 had focussed nearly exclusively on projects and schemes, eschewing policy. Therefore, many had eagerly awaited the budget speech for a policy vision of the new government. Unfortunately, it too left observers guessing on whether the government would tackle tough reforms or rely principally on better implementation. Had this been the budget of the United Progressive Alliance (UPA), arguably...

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Killing MGNREGA slowly -Raghav Gaiha and Shylashri Shankar

-The Indian Express Focusing on private asset creation will only exacerbate its design and implementation failures. In his budget speech, Arun Jaitley shied away from taking a tough stand on the MGNREGA. In a seemingly non-controversial comment, he emphasised that "wage employment would be provided under MGNREGA through works that are more productive, asset creating and substantively linked to agriculture and allied activities". The subtext, however, is controversial. As argued below, far...

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