Over the past two decades, Maharashtra’s leaders and caretakers have carefully steered it from being India’s most progressive and forward-looking state to lying on the verge of becoming one of India’s most backward.This is no mean achievement. Mumbai, as is well known, contributes close to 40% of the nation’s direct taxes. In 2003-2004, Maharashtra’s net state domestic product was second only to Haryana’s and the gross domestic product was 13%...

When little children in cities have a Happy Meal burger at McDonalds and get a Batman car or Ben 10 toy free, they are getting much more for free — all gift-wrapped by wheat and potato farmers in some far-off village. They are not paying for the labour put in by the farmer, the profits forgone by him, and the higher cost of living that he did not bill on...

Appreciating the country's commitment towards universalising health coverage for the people, health economist Robert Yates has said the country needs to increase its public spending on health either by health insurance schemes or taxation.“The entire exercise of constituting a high-level expert group on universal health coverage that India has undertaken has been done at an appropriate time when the economy is growing and the country is getting wealthier as a...

The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state. "Repayment has fallen drastically and so we are not in a position to continue operations in Andhra Pradesh unless the situation is remedied," said Vijay Mahajan, President, Micro Finance Institutions Network. The...

The Rs. 1.76 lakh-crore 2G spectrum scam has deprived the 400 million people below the poverty line (BPL) of their rightful share in healthcare and education, said Adviser to Prime Minister on Public Information Infrastructure and Innovations Sam Pitroda.Addressing the Indian National Academy of Engineering (INAE) convention here on Friday, Mr. Pitroda said freedom from poverty was not possible with scams siphoning off resources.Mr. Pitroda was conferred the INAE Lifetime...