The Planning Commission, the country’s apex planning body, is gradually reconciling to the fact that there would be no large gains in the gross budgetary support (GBS) in budget 2010-11, as the government struggles to reduce fiscal deficit. GBS is the money the Union government allocates to various government programmes through the Union budget. “The major objective of the finance ministry is to bring down the fiscal deficit from 6.8% of...

At least two cases of hunger deaths have been reported from Jabalpur district of MP and Chittorgarh district of Rajasthan in the past few weeks. The two states are run by different political parties-- the BJP and the Congress-- but there is quite a lot common in the victims’ circumstances. Both families were among the poorest in their villages but were not included in the BPL list and both the...

Government sat on grain stocks while food prices shot up   In july 2008, when inflation rose to a 10-year high of 11 per cent and industry was hit by a range of factors, including economic recession, the Union government responded immediately. There were day-on-day monetary interventions. Since July 2009, inflation, as calculated by the prices poor consumers pay for their daily needs, has hovered around 11 per cent, again a 10-year...

Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...

A landless labourer dies on Christmas day after going without food for five days. Neither he nor his wife, who was a job card holder under the National Rural Employment Guarantee Scheme, knew they could demand work or avail of unemployment benefits as a right It was a death that could have been avoided. Kishen Singh, a 45-year-old landless labourer, died of hunger in Champakheda village in south Rajasthan. What...