For a poor boy from the dark heart of tribal India, constable Kartam Surya has done well. An 8th class pass from the village of Misma in South Bastar’s Dantewada district — in the so-called Maoist 'liberated zone' in Chhattisgarh — 26-year-old Surya makes sure he gives his father, a marginal farmer scratching a living from the land, enough money to live in peace and comfort. "Surya is a good son...
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Dr Arvind Virmani, Affiliate Professor (& Distinguished Senior Fellow), George Mason University (School of Public Policy-CEMP), and Executive Director, IMF interviewed by TCA Srinivasa-Raghavan
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...
More »DMK's free lunches turn costly by N Madhavan
Eighty labourers, both men and women, are at work at Thiruvanduthurai village in Tiruvarur district of Tamil Nadu, about 325 km south of Chennai. They are digging a pond - about an acre wide and six feet deep - funded under the Mahatma Gandhi National Rural Employment Guarantee Scheme, or MGNREGS. Outside the work perimeter, two middle aged men look on, worried. P. Murugan and K. Govindaraj are farmers from the...
More »Food inflation snaps easing trend in mid-March
Food inflation snapped a three-week easing trend in mid-March and fuel inflation remained at elevated levels, keeping pressure on the Reserve Bank to rein in broader inflation. The food price index rose an annual 10.05% in the week to March 12, higher than a 9.42% rise in the previous week as prices of potatoes and vegetables rose, data released on Thursday showed. The fuel price index climbed 12.79% in the same week,...
More »Growth as tool to alleviate poverty
The Prime Minister's focus on double-digit growth is not due to any ‘growth mania'. It is for the benefit of the poor. At a recent function for police officers, the Prime Minister observed: “If we don't control Naxalism, we have to say goodbye to our country's ambition to sustain a growth rate of 10 to 11 per cent per annum.” Some commentators (like Prof Prabhat Patnaik of JNU) interpret this (in a...
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