The basic problem with the Approach Paper, as with its predecessor, is that its theoretical paradigm is wrong. WHAT used to be said of the Bourbon kings of France applies equally to the Indian Planning Commission: “They learn nothing and they forget nothing.” The Approach Paper to the Twelfth Five-Year Plan gives one a sense of déjà vu. It is hardly any different from the Approach Paper to the previous Plan...
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Changing priorities by CP Chandrasekhar
In planning, pursuit of profit was not seen as being in the social interest in the post-Independence years, but now profit is the sole motive. FOR two decades now the Government of India has pursued a policy of accelerated liberalisation, dismantling controls, diluting regulations and making the state a facilitator of private investment. It is not that the presence of the state has diminished during this period, but that its role...
More »Government banking on savings from flagship social schemes like NREGA, lower commodity prices to keep deficit in check by Deepshikha Sikarwar
The finance ministry is betting on substantial savings in some of the flagship social schemes and lower commodity prices to stay within the year's fiscal deficit target even as the central bank and economists raise the red flag over the Centre's finances. India's fiscal deficit, or the difference between expenditure and receipts that has to be met through borrowings, during the first four months jumped to 55% of the budgeted amount...
More »Food law delay talks grow as political differences persist by Prabha Jagannathan
The food ministry seems to have given up the hope of seeing the Food Security Bill passed into a law this financial year. But the delay in the rollout of one of the government's most ambitious welfare schemes will surely bring joy to mandarins at the North Block , who have been battling to rein in the government's expenditure. The food security law, which envisages subsidized grains for at least...
More »Food Security: Messy Jam, But Here’s a Map by Ashok Gulati
Ensuring food security to all is one of India’s top policy agendas today. Given a large mass of poverty in the country, it is not surprising and no one would perhaps disagree with the need to achieve this as soon as possible. But the varied policy instruments that can be used towards achieving this goal draw sharp differences among the stakeholders. What is food security? The World Food Summit of 1996...
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