-AFP Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...
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Challenging the poverty dimension of inflation by Madan Sabnavis
A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...
More »Neoliberal Act by Anil Sadgopal
The Right to Education Act, which lacks a transformational vision, is geared to preparing foot soldiers for the global market. THE most encouraging and delightful news regarding school education in India since the pro-market reforms began in 1991 came from Erode district in Tamil Nadu recently. To be sure, it is neither about the World Bank-sponsored District Primary Education Programme (DPEP) of the 1990s nor about the internationally funded and...
More »Truth of 70:30 acquisition plan: Tribal farmers get Rs 2L, rich Rs 17L by Supriya Sharma
When all failed, a police lathicharge did the trick. Farmers of Akaltara village were protesting against land acquisition for a month, but only after the police beat them up and arrested 78 men on a cold January evening, that things heated up. Opposition leaders rushed to the site and the government was forced to react. From Rs 8 lakh, compensation rates were hiked to Rs 17 lakh per acre. The...
More »Bid to bring SC focus on MGNREGA corruption by Anindo Dey
Taking ahead its fight against corruption in schemes under MGNREGA, the Aruna Roy led Suchna Evum Rozgar Ka Adhikar Abhiyanhas begun work for bringing the glare of the Supreme Court and the Centre on cases of misappropriation in the state. The Abhiyan's move comes after alleged complacency by the state in handling these cases. And while the Abhiyan would be taking up the numerous cases where sarpanches have been found...
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