Reforms in the supply-chain system can help India tackle the demand-supply mismatch in essential food items Food inflation may have dropped to single digit but since that fall is set against last year’s elevated double-digit base, it continues to hurt the poor — 65 per cent of their disposable income goes towards food. The government often defends its failure to tame inflation by arguing that it has no magic wand to...

There is no gainsaying that corruption breeds cynicism which undermines the democratic foundations of our polity. There is no gainsaying, too, that corruption results in a net shift of resources away from the poor. There can therefore be no two opinions about the need for controlling corruption through an appropriate lok pal bill. But the impression is unavoidable that the current hullabaloo about ‘corruption’ constitutes a case of mistaken identity:...

-The Business Standard   By staying the state government’s hand on the return of the land acquired by the Tatas for their automobile project in Singur, the Supreme Court has injected some sense into the handling of the matter. The Mamata Banerjee government created an avoidable mess with its hasty decision to find a legislative way out of a difficult political situation. Even as the Calcutta High Court was hearing the...

  Can we agree in this country on a floor of human dignity below which we will not allow any human being to fall? No child, woman or man in this land will sleep hungry. No person shall be forced to sleep under the open sky. No parent shall send their child out to work instead of to school. And no one shall die because they cannot afford the cost of...

The government's move to make tax evasion a criminal offence has drawn strong criticism from former policymakers and commentators, who say if such a move is implemented it will hurt economic activity, undo years of tax reforms and increase harassment. A panel headed by Central Board of Direct Taxes chairman Prakash Chandra, which held its first meeting on Thursday, will examine the proposal. The proposal appears to have been made because...