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Bharat sinking -Raj Kumar Ray

-The Financial Express   In what could be a big question mark on the world's largest jobs scheme. In what could be a big question mark on the world's largest jobs scheme, the number of people who availed the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) fell 8.4% year-on-year in 2013-14, reports Raj Kumar Ray in New Delhi. Also, only a tenth of the people enrolled got the promised 100 days of...

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The political economy cycle in India-Pramit Bhattacharya

-Live Mint     As a democracy matures, citizens become more willing to trust elected representatives to plan and take steps for the long-term growth and development One common complaint during this election has been that the election commission (EC) has to be consulted before the government and its regulatory agencies take any routine decision. Decisions relating to gas price hikes and bank licences all had to be cleared by the EC, whose over...

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The weakest link in development lending-Joe Athialy

-The Business Standard     Institutions such as World Bank and Asian Development Bank (ADB) are considered the panacea of all ills that developing countries like India face. Although the amount of money these institutions lend is small, their influence on the economy is high. They continue to be the benchmark for social and environmental policies, good governance, climate change, corruption and so on. A look at some of the reports of these...

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Gujarat government Rs 4k crore short of tax target -Kapil Dave

-The Times of India     GANDHINAGAR: Though the Modi government claims the state is in good financial health, the state exchequer's earnings seem to have fallen drastically. The state's taxmen failed to meet the Rs 45,000 crore target, falling short by a whopping Rs 4,068 crore. This has created a huge deficit and sent into a tailspin the state Finance minister's tall claims about a revenue surplus budget. According to the state Finance...

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It’s not the nuclear deal -Bhaskar Dutta

-The Indian Express   The UPA has done well to bring rights-based social welfare schemes to the forefront. All opinion polls suggest that the UPA has only a few weeks left in office. After 10 years as prime minister - this gives him the third position in terms of longevity as head of government after Jawaharlal Nehru and Indira Gandhi - what is going through Manmohan Singh's mind as he contemplates retirement from...

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