-The Business Standard Demand-side control cannot be an answer beyond a point to India’s persistently high food price inflation, the World Bank said on Monday. Consumer price-based food inflation in India has been at 10-20 per cent for quite a long while, noted its report on ‘Food inflation in South Asia’. The Bank’s chief economist for the region, Kalpana Kochhar, said controlling inflation in India was a difficult job for the Reserve Bank...
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Flowing The Way Of Their Money by Lola Nayar
Do agencies like the Ford Foundation push their own agenda through the NGOs they support? It’s often said, tongue in cheek, that India’s “shadow” government works out of the nondescript, low-slung buildings abutting the Lodhi Garden in Delhi. That’s partly hubris, but it also stems from being close to the centre of power. This rarefied zone houses powerful “cultural” institutions like the India International Centre, as well as a host...
More »A Pail Of Piety Against An Augean Stable by Pranab Bardhan
There are structural aspects to a problem as complex as corruption. These cannot be tackled through punishment alone. Just as our society tends to latch on to holy men for miracle cures, in recent weeks, the urban middle classes have placed great hopes on an anti-corruption movement led by a pious man in a Gandhi cap. (The other claim on leadership by a holy man in red robes did not...
More »Need for law to tackle communal violence: Karat
-The Hindu The Communist Party of India (Marxist) on Saturday said the problem of communalism would remain until political parties “eschewed all forms” of communal politics and backed communal violence legislation. Suggesting the need for a law to combat communal violence, CPI(M) general secretary Prakash Karat told the National Integration Council (NIC) that the legislation should ensure swift punishment to perpetrators. He wanted the law to provide for compensation and rehabilitation of victims...
More »Ministers, babus face power brake by Dhananjay Mahapatra
The discretionary powers of ministers and bureaucrats will either be shelved or severely curtailed. Tasked to draft a national policy on government procurements, a group of ministers (GoM) headed by finance minister Pranab Mukherjee feels that abuse of discretionary powers plays a major role in fostering corruption, be it procurement of rice or purchase of aircraft. With the total government procurement - from the Centre to panchayat level - worth a huge...
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