Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...

Women in 65 villages of Karnal  district, Haryana, have transformed their lives through self-help groups and microcredit schemes The infant mortality and maternal mortality rates have both come down substantially 94 per cent of the women now have ante- and post-pregnancy checks Institutional deliveries rising; anaemia in pregnant women down. No girl is married off before she’s 18 Taravanti clearly remembers the time, 19 years ago, when she got married...

At the second-floor office of 5th Pillar, a three-year-old Chennai-based non-governmental organization (NGO), 40-year-old Vijay Anand vociferously evangelizes to a crowd of 25 people on a Saturday evening. He urges the group—a mix of students and working professionals who are there to learn about how to get information on public officials—to fight corruption and shame corrupt government workers by offering the zero- rupee note that contains the promise to neither...

India’s private sector banks are busy drawing up plans to attack public sector banks in their backyard—rural India—by opening hundreds of new branches. They don’t need to seek the Reserve Bank of India’s (RBI) nod any more to open branches in smaller towns and large villages, the so-called tier III to VI centres with population below 50,000. The Indian central bank has also permitted private and public sector banks to...

Has India's poorest and most lawless state turned the corner? If you believe the government of the northern state of Bihar, the answer appears to be in the affirmative. According to it, Bihar clocked up a giddy growth rate of 11.03% in 2008-2009. This would make it India's second fastest growing state economy, just behind the industrially-developed western state of Gujarat. Not so long ago, Bihar was written off as a...