Foreign direct investment in education has been stuttering in India more than a decade after it was allowed, apparently because education is a not-for-profit sector where surplus revenue has to be ploughed back into expanding the institution. India’s education sector has witnessed significant expansion since the government approved FDI in April 2000, thus providing a huge opportunity for investment. Yet FDI remained zero in the first three years, increased till 2008-09...
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UPA's pet UID project set to be trashed by AM Jigeesh
A parliamentary committee is set to reject the National Identification Authority of India Bill 2010, inflicting a severe blow to Unique Identification Authority of India chairman Nandan Nilekani and raising doubts about Prime Minister Manmohan Singh's pet project. Former IT czar Nilekani, who holds cabinet minister rank as UIDAI chief, had been keen on the enactment of the Bill so that a statutory National Identification Authority could be established. The Bill,...
More »Calculating poverty: How India does it
-BankBazaar.com Can you live on Rs 32 a day in Indian cities? This is what everyone is asking after the Planning Commission came up with this figure in its revised estimate of people living below the poverty line. How about living on Rs 26 a day in a village? Impossible, you say. That's the debate that has been going on in India for the past few days. There is certainly something missing with...
More »Montek Ahluwalia on his knees, amends poor remarks by Neeraj Thakur
India’s poor can take heart — for there’s justice even in this world, despite and in spite of the Planning Commission. Planning Commission deputy chairman, and expert on poverty, Montek Singh Ahluwalia, has gotten off his high horse. Ahluwalia said on Monday that a new committee would be set up to come up with a fresh method to identify India’s poor. Last week the Commission had filed an affidavit in the...
More »Things, not people by Prabhat Patnaik
The basic problem with the Approach Paper, as with its predecessor, is that its theoretical paradigm is wrong. WHAT used to be said of the Bourbon kings of France applies equally to the Indian Planning Commission: “They learn nothing and they forget nothing.” The Approach Paper to the Twelfth Five-Year Plan gives one a sense of déjà vu. It is hardly any different from the Approach Paper to the previous Plan...
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