The Centre today promised a “comprehensive study” to gauge black money but told the Supreme Court it couldn’t reveal information on such cash stashed abroad because of “confidentiality” clauses in overseas pacts. The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace. The National Institute of Public Finance and Policy, the National Institute of Financial Management...

There are many critics and sceptics with respect to the Mahatma Gandhi National Rural Employment Guarantee Scheme, which came into being because of political pressure that managed to overcome quite strenuous opposition from some of the most influential policy making circles. It is likely that much of this criticism is not really because of the declared reasons, like fiscal costs (which are thus far very little) and potential leakage. Rather,...

Key issue will be legal guarantees for food entitlements for “general” category In what looks like more trouble for the United Progressive Alliance (UPA) government, the Sonia Gandhi-led National Advisory Council (NAC) has decided to take head on the Rangarajan committee's criticism of its now-controversial recommendations on food security. It will take the first step by presenting a point-by-point rebuttal of the panel's critique to the new Food Minister, K.V. Thomas, on...

Work on India's sixth economic census will begin in 2012 as the government wants to give preference to enumeration of those living below the poverty line and a caste census. The economic census, which provides basic data on the number of enterprises and people employed in them, was originally planned to begin this month. "We are now looking to start fieldwork on economic census by February 2012," a senior official with...

If the Unique Identity project is such a good thing why is the man heading it unable to answer simple questions about it? Since the publication of his doorstopper of a book Imagining India in 2009, Nandan Nilekani has done a superb job of reinventing himself. The former head of software giant Infosys Technologies was overnight cast in the role of a visionary with his unabashedly free market prescription to turn...