-Outlook A parliamentary committee has picked holes in the ambitious agriculture debt waiver and debt relief scheme of the UPA government saying it could not achieve its goals due to a variety of reasons including violation of guidelines and poor monitoring. Parliament's Public Accounts Committee (PAC) in its draft report on the scheme said there was a "flagrant display of financial and administrative indiscipline by the Department of Financial Services (of the...

-The Hindu The report of the Reserve Bank of India (RBI)-appointed Committee on Comprehensive Financial Services for Small Business and Low Income Households has been placed on the central bank's website for comments. Considering the voluminous nature of the report and even more pertinently its complex and, detailed treatment of the subject, the deadline for receiving comments, now set at January 24, would, in all probability, need to be extended. The report packs...

A new report on India's housing sector confirms with facts and figures what has been suspected all along: that despite growing demand for affordable housing, supply side responses have been weak and sluggish. This means even though the housing sector can directly impact employment and income generation, and has multiple forward and backward linkages with various industries, it needs innovative ideas, pro-poor thinking and policy stimulus. (See link below for...

-The Hindu     Policies being pursued in India are based on the growth-at-any-cost model. The poor and the enviroment suffer while the corporates and organised sectors reap the benefits The Aam Aadmi Party, having won the trust vote, is now in the saddle in Delhi. By announcing several measures to benefit Delhiites, it had already impacted the political discourse in the nation. The established political parties are trying to follow suit. Why did...

-The Indian Express     Policy design should worry less about public versus private, and more about choice and accountability. The most noteworthy aspect of the Aam Aadmi Party's manifesto is the explicit focus on service delivery. This is what its government will be evaluated on, and attention has shifted from the AAP's political success to how it will deliver on these promises. The ideas below reflect learnings from over a decade of research...