food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is competition and supply-side changes can occur. But in...
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PM panel for diesel price hike
-The Times of India Making a strong pitch for raising diesel prices, Prime Minister's Economic Advisory Council chairman C Rangarajan on Wednesday said there was a need to revise prices to reduce the huge subsidy burden and bring down the fiscal deficit. While releasing the economic review for 2011-12, Rangarajan said it was earlier agreed to deregulate diesel prices but the decision was never implemented. He advocated a phased deregulation of diesel...
More »M’laya PDS to be computerized
-The Shillong Times Taking cognizance over malpractices prevailing in the Public Distribution System (PDS) in the State, the Government is planning to computerize the whole system to check the malaise. To achieve this objective, the State Government has already submitted a Detailed Project Report (DPR) amounting to Rs 43 crore for computerization of the Public Distribution System (PDS) to the Central Government. “We had submitted the DPR through the National Informatics Centre (NIC)...
More »Muhammad Yunus, founder Bangladesh’s Grameen Bank interviewed by Neha Thirani
Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced departure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere. An edited, condensed version of the interview follows: Q. The microfinance industry has gone through an existential crisis in the last few years. Why did the industry fall from grace? A. See,...
More »Dr Abhijit Sen, Member-Planning Commission of India, interviewed by Ajay Vir Jakhar and Paranjoy Guha Thakurta
Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...
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