It would be sad if the potential of cash transfers was lost as a result of hasty posturing by those on various sides of the debate. The fact is that, in India today, poverty and economic insecurity remain endemic in spite of fantastic economic growth. The existing system has failed to arrest the growing number in poverty, despite substantial government spending ostensibly designed to reduce poverty. Could cash transfers help? A...

Weighed down by an unending season of corruption, the political leadership of ruling the United Progressive Alliance (UPA) has stepped in to rescue the regime’s flagship rural employment guarantee scheme from discredit due to mounting allegations of endemic irregularities. The National Advisory Council of the UPA, headed by Sonia Gandhi, on Wednesday asked the Manmohan Singh government to expedite notification of the much-awaited rules that would allow public scrutiny of the...

Unpaid bills of Rs 17,000 crore — and growing — have revealed hidden food subsidies and acute financial mismanagement as the government prepares to adopt the costliest, most ambitious legislation of its tenure. Documents accessed by Hindustan Times reveal this is the money the government now owes the state-run Food Corporation of India (FCI), hampering its mammoth operation of buying grain from the farmer, storing it and selling it cheaply...

The Sonia Gandhi-led National Advisory Council has proposed that landowners should be paid six times the registered sale deed value as compensation and a solatium in case of compulsory acquisition by the state. The council sat through the day today firming up recommendations for the land acquisition bill the Centre plans to introduce in the next session of Parliament. Sonia was present for nearly six hours. It also proposed that compensation should...

The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...