-The Hindu   The reassuring message in the Pradhan Mantri Jan Dhan Yojana is that in pursuing its economic objectives, the government wants to accord an important role to the public sector even while relying on market mechanisms The goal is hard to achieve. It is costly and unviable. It will create huge stresses in the banking system. The Narendra Modi government's Pradhan Mantri Jan Dhan Yojana (JDY), an ambitious scheme for financial...

-IPS News MALKANGIRI (Odisha)- Scattered across 31 remote hilltop villages on a mountain range that towers 1,500 to 4,000 feet above sea level, in the Malkangiri district of India's eastern Odisha state, the Upper Bonda people are considered one of this country's most ancient tribes, having barely altered their lifestyle in over a thousand years. Resistant to contact with the outside world and fiercely skeptical of modern development, this community of under...

-The Business Standard What must replace the Planning Commission An announcement of note in Prime Minister Narendra Modi's Independence Day speech from the ramparts of Red Fort was the much-anticipated end of the Planning Commission. A full 23 years after India ushered in reforms that reduced emphasis on central planning, the crucially important organisation of the statist era will finally be dismantled. Both as signalling and as policy, this needs to be...

-The Indian Express For the first time, the interests of farmers, livelihood losers and SC/ST communities have been given high priority. After intensive and extensive consultations lasting for over two years, the UPA 2 government succeeded in getting Parliament to pass a historic new land acquisition law in September 2013. This law completely replaced the colonial Land Acquisition Act, 1894. The new legislation did not fully satisfy everybody but it came to...

-The Times of India Blog The presidential address to Parliament on June 9, 2014 had focussed nearly exclusively on projects and schemes, eschewing policy. Therefore, many had eagerly awaited the budget speech for a policy vision of the new government. Unfortunately, it too left observers guessing on whether the government would tackle tough reforms or rely principally on better implementation. Had this been the budget of the United Progressive Alliance (UPA), arguably...