Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...

The Comptroller and Auditor General (CAG) of India has cornered the state government, which had recently demanded a special package of Rs 2,500 crore for frost-hit farmers, in its report tabled in state Assembly today. The CAG has found gross irregularities, non-implementation of schemes, weak budgetary and expenditure controls in both original and supplementary budgets, rush of expenditure at the close of the financial year and underutilisation of central assistance. “The targets...

A pilot survey finding that 25-30% of the rural population can be automatically excluded from food security entitlements for below poverty line population might help forge a consensus between the government and the Sonia Gandhi-led National Advisory Council. The "automatic exclusion" criteria, devised on the basis of the N C Saxena report on methodology for a BPL census, is more liberal than the "bare bones" approach adopted by the government in...

A few years ago, Paul Kagame, president of Rwanda, had a chance meeting with Som Pal, former member of the Planning Commission and earlier minister of state for agriculture, and was bowled over by his sage-like views on developmental issues. The president promptly invited Som Pal to his blighted country to suggest policy measures to get out of a developmental quagmire. Som Pal travelled to Rwanda; he was hosted at...

Later this week, the Registrar General of India (RGI) will unveil the first flush of its findings from the 15th census. This once-in-a-decade effort is the seventh in independent India and is expected to showcase an entirely new set of vital statistics, consistent with the ongoing social and economic transformation of the country and something that should enthuse demographers and policy planners alike. Expectations are that the array of socio-economic data...