-The Economic Times   Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.  Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country.  "The reason for inflationary pressures in India is that...

-The Hindu   Noted Jaipur-based economist V. S. Vyas has expressed concern over “progressive diminution” of cultivated holdings which he says has led to stagnation in the yield of major crops and rendered agricultural income insufficient for farmers to make ends meet. A sharp decline was also being witnessed in per capita food production, he said. Delivering the Tarlok Singh Memorial Lecture at the University of Hyderabad over the weekend, Professor Vyas said...

Mihir Shah, member of the Planning Commission and chairman of the committee to redraft rules and guidelines of NREGA, tells Sreelatha Menon that the Act may also cover farm labourers. The consortium of NGOs that recommended changes in the National Rural Employment Guarantee Act (NREGA) was founded by you, but your suggestions have been criticised. You seem to consider it a lack of demand rather than a supply problem. First, you should...

Any new system for the socio-economic progress of Dalits and other vulnerable sections must not lose sight of Special Component Plan goals. THE Planning Commission's “Approach to the 12th Five Year Plan” deals with the Scheduled Castes (S.C.s) briefly in a portion of Chapter 11 titled “Social and Regional Equity”. It, however, significantly mentions the need to devise a new system that can overcome the difficulties experienced with regard to the...

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...