Poor spending on NREGS by Maharashtra - only Rs351 crore out of Rs668 crore - can be seen in two ways. One, apathy towards the poor and carelessness, and two, less money spent means less money stolen. All employment schemes are seen as doles, work is faked, ghosts are paid and the bucks swallowed by the establishment - politicians to petty bureaucrats - with the poor guy in the boondocks...

Good sections of rural India don’t want NREGA any more, showing the government spending pattern on the scheme. Since a large percentage of the village labourers have moved to the cities, it makes far better sense to develop an unemployment dole for them. The subtext is an accounting arrangement that ensures that like NREGA, the government can keep on rolling out similar entitlement programmes like the proposed Food Security Act, but...

To control inflation and ensure long-term economic growth, India needs to harness the creativity of the large number of its farmers and entrepreneurs, especially in rural areas. The latest WPI inflation data show primary articles inflation in double digit, driven mainly by food inflation which remains stubbornly high at over 9 per cent. The high food prices are the result of structural factors with shortages getting aggravated as demand continues to outstrip...

-The Business Standard   This year’s paddy procurement season has started with foodgrain stocks being more than double the buffer stock norms. An increase in grain stocks will put a strain on the already-scarce warehousing space, with consequences for safe storage and usability. Thus, excess holding of grains ought to be avoided. Maintaining a stockpile of nearly 55 million tonnes, with average economic cost of wheat and rice being Rs 18,000 per...

The basic problem with the Approach Paper, as with its predecessor, is that its theoretical paradigm is wrong. WHAT used to be said of the Bourbon kings of France applies equally to the Indian Planning Commission: “They learn nothing and they forget nothing.” The Approach Paper to the Twelfth Five-Year Plan gives one a sense of déjà vu. It is hardly any different from the Approach Paper to the previous Plan...