Difficult times call for difficult measures. Pushed into a corner by an unsustainable fiscal deficit and various sectors and programs (including the proposed food security legislation) screaming for a greater share of the budget pie, the Congress-led United Progressive Alliance (UPA) government in India has been forced to do what it might not have otherwise—reduce its marquee job guarantee scheme’s allocation in a big way for the first time.  In one...

It was Jawaharlal Nehru who said that ignorance is always afraid of change. In the light of this, there is no doubt that the Right to Education (RTE) Act is a courageous piece of legislation. But the 25% reservation clause for poor students in unaided private schools in the Act could end up facing serious operational problems. According to the law, the State will pay the private schools that admit...

-The Telegraph   The New York Times has reported that Wal-Mart, the US-based retail giant, hushed up an internal investigation sometime after the company was told of a bribery campaign to obtain licences and facilitate rapid expansion in Mexico. Some of the alleged instances of bribery are certain to ring a bell in India where it is not too difficult to bend rules for a price. The New York Times said its “examination...

A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...

Overlooked and ignored, the problem of untouchability continues to be practised and perpetrated in the country. It is a lifetime of misery and humiliation, unimaginable for the relatively privileged but a daily reality for over one-fifth of the country’s 120 crore-plus population, as revealed succinctly in 22 short and easy to view videos under the Article 17 Campaign launched on April 14, 2012 by India Unheard, which claims to be...