Interventions aimed directly at children — providing free textbooks, uniforms and addressing out of school children – account only for 6 per cent of the total investment in elementary education. The largest investment — 78 per cent — of the education budget in India is invested in teachers and management costs while the next largest spending, to the tune of 14 per cent, is done on creating school infrastructure. Only...

Union Minister for Rural Development Jairam Ramesh, in an article on left-wing extremism (“From Tirupati to Pashupati?” The Hindu , October 14, 2011), observed candidly: “It is not the naxals who have created the ground conditions ripe for their ideology — it is the singular failure of successive governments both in the States and the Centre.” There lay the main cause of the festering sore of naxalism, often characterised as left-wing...

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...

It will provide credit risk guarantee to banks on the loans Prime Minister Manmohan Singh on Tuesday announced that the Centre was considering setting up a credit risk guarantee fund with a corpus of Rs. 1,000 crore, to start with, to encourage banks to lend to the poor for housing. Emphasising that developing housing for the poor was critical for sustainable urban development, he said: “To encourage banks to lend in significant...

-The United Nations   Corruption caused by weak governance is leading to unequal land distribution and poor resource management, according to a United Nations report released today, which argues that this lack of transparency is undermining social stability, investment and growth in developing countries. Weak land governance occurs as a result of low levels of transparency, accountability and the rule of law, the report says, which strains “the rules, processes and institutions that...