-Reuters NEW DELHI: The finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risks of a sovereign credit downgrade, officials said. Two senior ministry officials told Reuters the plan would make it possible for Narendra Modi's incoming government to reduce the current year's fiscal deficit and...
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The political economy cycle in India-Pramit Bhattacharya
-Live Mint As a democracy matures, citizens become more willing to trust elected representatives to plan and take steps for the long-term growth and development One common complaint during this election has been that the election commission (EC) has to be consulted before the government and its regulatory agencies take any routine decision. Decisions relating to gas price hikes and bank licences all had to be cleared by the EC, whose over...
More »MGNREGA: A tale of rural revival -Varad Pande and Neelakshi Mann
-Live Mint Rural livelihoods have improved because of MGNREGA. It is wrong to say the scheme has not worked If some recent news articles are to be believed, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a scheme that costs less than 0.35% of India's gross domestic product (GDP), has crashed the country's economy. The latest to join this bandwagon of criticism is an editorial in Mint. ("MGNREGA: A tale...
More »Middle class poised to play greater role in 2014 elections: Zoya Hassan
-The Hindustan Times In recent years, there has been a constant stream of international attention given to the Indian middle class. Thanks to the expansion of this class, India's image has dramatically changed since the 1990s. Instead of the narrative about grinding poverty, India is now seen as the heart of new capitalism that is associated with high rates of growth as well as the consumerist elite and middle classes. The...
More »New land bill puts people first, govt’s message is clear 'India won't be China' -Zia Haq
-The Hindustan Times Investors say the new land acquisition bill approved by Parliament this week has made things more difficult. Pro-farm civil-society advocates say it hasn't gone far enough to protect farmer interests. If both sides are unhappy, an inside joke goes, it must be a pretty good legislation that has struck the right balance. The debate over land acquisition, however, is no laughing matter. In a country where half the people live...
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