Once India sold poverty to foreigners; now it’s being asked to export its top anti-poverty scheme. Five foreign governments have asked the Centre to help them replicate the rural job scheme in their countries, officials have said. South Africa was the first to have shown interest in the National Rural Employment Guarantee Act (NREGA), India’s “cushion for poor people’’ in the words of the World Bank. The other four too are African...

I have been an advisor to The Energy and Resources Institute or Teri, a distinguished visiting fellow there since 1996, except when I was the chairman of the Central Electricity Regulatory Commission, the director-general of the National Council of Applied Economic Research, the chairman of the Institute for Social and Economic Change and on boards of management and economic research institutions. This disclaimer is intended to forestall motives being ascribed...

At the second-floor office of 5th Pillar, a three-year-old Chennai-based non-governmental organization (NGO), 40-year-old Vijay Anand vociferously evangelizes to a crowd of 25 people on a Saturday evening. He urges the group—a mix of students and working professionals who are there to learn about how to get information on public officials—to fight corruption and shame corrupt government workers by offering the zero- rupee note that contains the promise to neither...

Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...

The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...