-The Economic Times   A giant statue in a Lucknow square made 12-year-old Rashi curious. Whose statue is this, she asked her father. Although a BSP worker, Jhanki Ram couldn't go beyond the name, Jyotiba Phule. But not wanting to show his ignorance, he added, "He was a Mahatma who did a lot for the dalit community". Both had come from Etawah to take part in Kanshiram Parinirvan functions this month. For...

Larry Summers, the recently departed Chairman of US President Barack Obama’s National Economic Council, posed the following question before his trip to India last November: “What is the self-perception of the Congress as a political party?” In fact, this broad question provokes three specific ones in the domain of economics. Is the Congress the party of Jagdish Bhagwati or Amartya Sen; Nehru or Indira Gandhi; or Aruna Roy or Nandan...

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...