Is price rise going to be a permanent fixture because of India's high growth rate? This appears to be the argument put forward by the government's top economic advisers in the recently issued Economic Survey. It argues that historical experience shows that consumer prices increase faster in countries going through a fast growth phase compared to those with slower growth rates. But analysing inflation and growth data collected by the International...

This article documents and then examines the various benefits that, it is claimed, will flow from linking the Unique Identity number with the public distribution system and the National Rural Employment Guarantee Scheme. It filters the unfounded claims, which arise from a poor understanding of how the PDS and NREGS function, from the genuine ones. On the latter, there are several demanding conditions that need to be met in order...

It appears there are few rural poor left in Maharashtra. How else would one explain that while the central government’s flagship rural employment initiative, Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), is a big hit across the country with states utilising more than 80% of funds allocated by the Centre, state spent only 50% of its share last year. The Union ministry of rural development is headed by a...

Budgets are no longer statements of accounts or expenditure. In the contemporary context, they are to be seen more as a statement of intent, ambition, reform and politics of inclusion. If these are the parameters on which Budget 2011 is to be judged, it fails despite an implicit statement of intent. For a government which has been elected on the agenda of inclusion, even the statement of intent is not new....

The Centre will give CAG a place in social audit of rural job scheme and direct the states to set up directorates to train auditors from civil society. A nominee of CAG would be present in social audits that gram sabhas would conduct twice a year. CAG would also do an annual audit as part of its mandate. Coupled with the rigour of CAG's accounting, the exercise would also bring in...