Sometime this month, Justice N Ramamohana Rao of the Andhra Pradesh High Court will deliver a verdict that will directly impact earnings of the 114 million people who work under the National Rural Employment Guarantee Scheme (NREGS), the Central government's work guarantee programme. The verdict will also indirectly impact earnings of the 400 million workers and labourers who toil in India's factories and fields for 'minimum wages'. The question Justice Rao...
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Budget falls short on basics by PV Indiresan
The Budget should be an instrument of economic discipline and a promoter of healthy social development. As it is, it is like a leaky tap; it cannot halt inflation without disciplining political skulduggery. March 21, 2011: A lot has been written about the Budget, how it affects this or that industry or business, or how it will increase or decrease the GNP growth rate. Undoubtedly, all those factors are important. But...
More »Hunger, by design by Vandana Shiva
Why is every fourth Indian hungry? Why is every third woman in India anaemic and malnourished? Why is every second child underweight and stunted? Why has the hunger and malnutrition crisis deepened even as India has nine per cent growth? Why is “Shining India” a “Starving India”? In my view, hunger is a structural part of the design of the industrialised, globalised food system. Hunger is an intrinsic part of the...
More »High on rhetoric, low on delivery by Himanshu
Budgets are no longer statements of accounts or expenditure. In the contemporary context, they are to be seen more as a statement of intent, ambition, reform and politics of inclusion. If these are the parameters on which Budget 2011 is to be judged, it fails despite an implicit statement of intent. For a government which has been elected on the agenda of inclusion, even the statement of intent is not new....
More »Agriculture reform key to India budget by James Lamont
Pranab Mukherjee, India’s finance minister, put the rural economy at the heart of a national budget on Monday, saying ridding the farm sector of crippling supply bottlenecks would be his “focus” in the coming fiscal year.A market-neutral budget supporting agriculture, welfare schemes and the extension of banking services to more people was designed to dispel any sense that the Congress party-led government was in drift after a series of high...
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