The recommendation of the National Advisory Council (NAC), that the proposed food security bill should include 75% of the population, is populist. The measure, if implemented, will entitle nearly 800 million people to some kind of subsidised food. It will drive a big hole in the budget, which finance minister Pranab Mukherjee has tried hard to rebuild after the spending excesses of 2007-09. This is not to say that the poor...
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Cut-Rate Democracy by Pranjoy Guha Thakurta
Two years ago, when I told some of my more cynical fellow-tribals from the journalistic fraternity that I was about to complete a textbook on media ethics, they smirked. Media ethics? That’s an oxymoron, a contradiction in terms, they said glibly. What became apparent to me then was that the image of the journalist in India has taken quite a battering. There are many among the aam admi who still...
More »Bihar polls: 104 multi-millionaires, 219 tainted candidates in round 2 & 3
Against only 36 multi-millionaires in the last assembly elections, there are over 100 multi-millionaires in the second and third phases of the ongoing Bihar polls, a report by two NGOs has said. It adds that 219 candidates have criminal records. The Association of Democratic Reforms and the National Election Watch said on Thursday that 104 candidates contesting for the second and third phases on October 24 and October 28 were...
More »MFIs vs moneylenders
The Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Ordinance, 2010, suggests there’s more Politics than understanding of economics that went into it. The setting up of district registering authority under the ordinance, with elaborate powers to even cancel licences, will increase risks of operations posing serious hazard to business plans and will jeopardise the whole MFI network. Especially stifling is the requirement that MFIs have to submit a monthly...
More »India's Games of Shame by Mitu Sengupta
Delhi is an anxious city this monsoon season, struggling to meet an onerous deadline. Preparations continue at a feverish pace for the 19th Commonwealth Games (CWG), which will bear down on the Indian metropolis October 3-14, along with some 8,500 athletes from the 71 states and territories that were once part of the British Empire. Around-the-clock construction and spells of heavy monsoon rain have turned Delhi into a swirl of mud...
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