He played a significant role in framing economic policy He estimated that every third Indian is living in poverty Did extensive work on credit and privatisation policies With the demise of Suresh Tendulkar at the age of 72 following a cardiac arrest in Pune on Tuesday, the country has lost yet another eminent economist who played a significant part in moulding the government's economic policy making. A Ph.D. in economics from Harvard University and...

There is nothing wrong in having advisory groups. But there is a problem when groups not constituted legally cross the line of demands, advice and rights-based, democratic agitation. The 1990s saw marketing whiz kids at the largest English daily in the world steal a term then in vogue among sexually discriminated minorities: PLUs — or People Like Us. Media content would henceforth be for People Like Us. This served advertisers' needs...

India’s fiscal policy is not supportive of monetary measures that the country’s central bank is employing to fight rampant inflation, the prime minister’s honorary economic advisor and former International Monetary Fund chief economist Raghuram Rajan said, while singling out the proposed Food Security Bill as a particular cause for concern. The Bill, which proposes to give about 68 per cent of population the legal right to subsidised food, will not only...

Victims have not forgotten the following brutal tragedies in the life of independent India, even if the State and political parties may pretend to have. 1984—Delhi: On October 31, Prime Minister Indira Gandhi was assassinated by her two Sikh bodyguards in revenge for ‘Operation Bluestar’. For the next three days, as Doordarshan telecast the lying in state of her body, over 3000 Sikhs—men and boys—were burnt alive while policemen, politicians and...

Discussions with Plan panel, finmin and NAC almost over, draft law to be finalized at the next eGoM meeting The Congress-led United Progressive Alliance (UPA) government is expected to introduce the National Food Security Bill, a proposal that aims to provide subsidized foodgrain to the poor, in the monsoon session of Parliament even as the procurement of rice and wheat touches a record high. The ruling Congress party had pledged in its...