The Budget should be an instrument of economic discipline and a promoter of healthy social development. As it is, it is like a leaky tap; it cannot halt inflation without disciplining political skulduggery. March 21, 2011:   A lot has been written about the Budget, how it affects this or that industry or business, or how it will increase or decrease the GNP growth rate. Undoubtedly, all those factors are important. But...

The World Bank and the United Nations have hailed it as one of the best health insurance schemes around the globe. Finance Minister Pranab Mukherjee's Budget called this UPA flagship, the Rashtriya Swasthya Bima Yojana (RSBY), an 'effective instrument' for providing basic health cover to the poor. Yet, UPA-ruled states have virtually disowned the scheme - just 11% of the scheme's Rs 2.31 crore active beneficiaries are in UPA-run territories, an...

Bihar chief minister Nitish Kumar recently alleged that Monsanto, the Union environment ministry’s genetic engineering approval committee (GEAC) and the Indian Council of Agricultural Research (ICAR) had colluded to start trials of genetically modified maize in Bihar before clearance from the environment ministry and the state government. The charge is significant: Nitish says ICAR’s experimental farms in Bihar did not maintain the stipulated “isolation distance” from normal farmland, meant to...

Releasing the election manifesto here on Wednesday, West Bengal Left Front Committee Chairman Biman Bose said the eighth Left Front government will focus on “agriculture, industry, peace, democracy and progress,” in the State if it returns to power. Listing the objectives of the Front in the coming five years, the manifesto states that it wants to ensure that West Bengal is one of the top-ranked States on the three parameters of...

It is time for the National Advisory Council (NAC) to introspect whether its pious thoughts on food security square up to an economic reality check. There are three likely scenarios: (1) universal coverage at 35 kg/per month per family; (2) universal coverage with 25 kg per family per month; and (3) partial coverage (say, to 11 crore families) with 35 kg per family per month. In each case, the implications...