The budget is more concerned about the consumer than the grower A LOOMING food crisis in the world and high food inflation rates at home made Pranab Mukherjee’s proposals to boost agriculture in his 2011 budget more keenly watched than usual. These are factors that clearly weighed with the finance minister who repeatedly said that his principal concern this year has been the continuing high food prices. The squeeze on the...
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Bribery charge must now be investigated by Siddharth Varadarajan
The Embassy cable suggests a serious crime was committed on Indian soil to which U.S. diplomats were privy. The Prime Minister cannot cite lame arguments to justify inaction. Since politics is a distraction, consider the following retelling of the WikiLeaks tale. An activist dies in a traffic accident. CCTV footage from a bank nearby suggests he might have been murdered but the case is never investigated properly. Three years later,...
More »Devil In The Retail by Lola Nayar
By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....
More »Monkombu Sambasivan Swaminathan, father of Indian Green Revolution interviewed by Sreelatha Menon
Forty years ago Monkombu Sambasivan Swaminathan helped rescue the world from growing famine and a deepening gloom over the future of food supplies. Today, public policy projects itself as pro-farmer but it does it half-heartedly, complains Swaminathan. M S Swaminathan, member of the National Advisory Council and father of the Green Revolution says the government's allocation for agriculture is insignificant. Doesn't the Union Budget reflect a new focus on agriculture?...
More »Aadhaar sets stage for cash transfers by Surabhi Agarwal
In line with finance minister Pranab Mukherjee’s budget announcement on Monday that the government is looking at direct cash transfers as an alternative to the current subsidy on kerosene and fertilizers and to prevent leakages, the Unique Identification Authority of India (UIDAI) is planning to open Aadhaar-linked bank accounts for the purpose. These can be used for other financial transactions as well. The authority is in the process of empanelling banks...
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