Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...
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“Equity” cannot be inequitable by Surya P Sethi
The right to development is not a right to pollute. As the debate over India's climate change strategy continues, it is necessary to address some misconceptions about climate equity that are evident in recent pronouncements of the Union Minister for Environment and Forests, Jairam Ramesh, and the writings of his most recent adviser, Dr. Arvind Subramanian. A solution to climate change, even an inequitable solution, has to address our planet's energy...
More »53% of urban population lives in small towns by Subodh Varma
In mid-2009 it was declared that the tipping point has been crossed: world urban population crossed the 50% mark for the first time in human history. Contrary to the general impression, the bulk of this urban population does not stay in big metropolises. Over 53% of the world’s total urban population of 3.4 billion resides in towns with less than 5 lakh population. Of these, about 1.14 billion, or one...
More »Does NREGA really work? by Surjit Bhalla
Despite tall claims, the NREGA programme is just a dud as most other “in the name of the poor” expenditures - and as much of a dud as predicted by Rajiv Gandhi A decade or so ago, Booker prize winner Arundhati Roy claimed that the building of dams in India had displaced more than 50 million people. This implied that one out of every three rural Indians had had to move...
More »Delhi water table falling by 2m/yr by Dipak Kumar Dash
The alarm bells are ringing right below our feet. Delhi and portions of Rajasthan falling in the National Capital Region (NCR) extract almost double the amount of groundwater than is recharged every year. The situation is equally bad in NCR portions of Haryana, particularly Gurgaon and Faridabad, which largely depend on groundwater. A status report on groundwater by the NCR Planning Board (NCRPB) reveals that the water table in Delhi...
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