-The Times of India NEW DELHI: As part of its ambitious 'Namami Gange' programme, the government plans to free all villages along the banks of the river from open defecation by 2022 and extend incentives to states to expand sewerage infrastructure in all 118 urban habitations along the river. Both the schemes will cost the government around Rs 52,700 crore. While Rs 51,000 crore has been earmarked for expanding the sewerage infrastructure,...

-The Hindu Business Line   World Bank economist says there is ‘policy fatigue' Washington DC: Improving farm productivity is central to the Indian government's goal of achieving ‘faster, more inclusive and sustainable growth', the World Bank has said in a recent report ‘Accelerating Agricultural Productivity Growth in India - Issues and Opportunities'. Although agricultural growth rebounded after 2004-05, two worrying trends emerged: concerns about the nature and sustainability of growth, the report observes, adding...

-The Hindu   The reassuring message in the Pradhan Mantri Jan Dhan Yojana is that in pursuing its economic objectives, the government wants to accord an important role to the public sector even while relying on market mechanisms The goal is hard to achieve. It is costly and unviable. It will create huge stresses in the banking system. The Narendra Modi government's Pradhan Mantri Jan Dhan Yojana (JDY), an ambitious scheme for financial...

-The Hindu Business Line Corruption in NREGA works has steadily declined in recent years. There are important lessons here that need to be extended to other domains One neglected aspect of the debate on the National Rural Employment Guarantee Act (NREGA) relates to the process aspects of the programme. In the process of planning works, organising employment, paying wages or fighting corruption, many valuable activities take place: Gram Sabhas are held, workers...

-The Hindu Business Line While the limitations of the concept of economic growth are acknowledged, we need a better index than HDI Despite claims that economic development as a branch of economic science emerged only in the 1950s, there is no doubt that the notion of development existed even in classical economic thought processes, emerging from the writings of Adam Smith and David Ricardo. The recognition of development economics as a discipline...