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Arun Sundararajan, Professor of Information, Operations and Management Sciences at Stern School of Business, New York University interviewed by Uttam Sengupta

-Outlook Only 30 per cent of Indian households boast of having at least one member with a ‘portable identity’ like a Passport or a Driving License. Such an identity, points out the economist from New York, is necessary for access to institutions and credit, which is why the biometric based Unique Identification (UID) project is going to be a game-changer. An alumnus of IIT, Madras,, from where he obtained a B.Tech...

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The great number fetish-Sankaran Krishna

-The Hindu One of the most prominent features of India’s middle-class-driven public culture has been an obsession about our GDP growth rate, and a facile equation of that number with a sense of national achievement or impending arrival into affluence. In media headlines, political speeches, and everyday conversations, the GDP growth rate number — whether it is five per cent or eight per cent or whatever — has become a staple...

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Parliamentary prescriptions revive hunger debate

A report by a parliamentary standing committee entrusted to examine the National Food Security Bill, 2011 has revived the debate on what measures India must take to end its abysmal track record of hunger and malnutrition, (See several links given below) despite successive years of high growth and record grain procurement. The draft legislation is likely to be debated in the upcoming session of Parliament, even as the recent Jaipur...

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Government pushes banks to go rural, but will it pay?-Swati Pandey and Rajendra Jadhav

-Reuters RANCHHODPURA, India (Reuters) - Working out of a tiny rented room furnished with a wooden table, small biometric authentication machine and shelf stacked with passbooks, Ganesh Dangi is a one-man bank for a village of 650 people in northwestern Rajasthan. A business correspondent, or local representative, for State Bank of Bikaner and Jaipur (SBBJ) in Ranchhodpura village, 40 km (25 miles) east of Udaipur, Dangi is racing to sign up villagers...

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House panel likely to recommend scrapping of household categories-Manoj CG

-The Indian Express The Parliamentary Standing Committee examining the National Food Security Bill is considering to recommend to the government to do away with the categorisation of “general” and “priority” (similar to the below poverty line) households in the legislation and provide uniform food guarantee to 75 per cent of the rural population and 50 per cent of the urban population. Keeping in mind the fiscal implications, the committee is likely to...

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