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Kaushik Basu, Professor of Economics and the C. Marks Professor of International Studies at Cornell University, interviewed by Mohit M Rao (The Hindu)

-The Hindu The former Chief Economic Adviser on India’s current slowdown in economic growth and the mix of policies needed to reignite it In a career spanning more than four decades, economist Kaushik Basu has donned many hats. He was Chief Economic Adviser to the Government of India (2009-2012) and Chief Economist of the World Bank (2012-2016). At present, he is Professor of Economics and the C. Marks Professor of International Studies...

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Hard reality and political compulsions may force a rural-focused budget

  Budgetary allocation to a particular sector indicates how much priority the government assigns to that sector as compared to the rest. A preliminary analysis by the Inclusive Media for Change team indicates that the actual expenditure (net of receipts and recoveries) by two of the country’s most important ministries, namely the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) was less than 1 percent...

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How government can double farmer incomes

-Livemint.com Farmers need structural reforms, crop diversification and greater public investment rather than subsidies and price support Indian agriculture has been relatively untouched by the structural reforms that lifted incomes in other parts of the economy. Low farm productivity meant that governments tried to improve the lot of farmers through price policy. The problem is that engineering a shift in the terms of trade through higher support prices usually leads to generalized...

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In Odisha, schools are the dropouts -Elizabeth Kuruvilla

-The Hindu Hundreds of government schools, especially in tribal-dominated districts, have been shut down over the past year. Elizabeth Kuruvilla reports on the closures, the mushrooming of private schools, and the battles waged by tribal villages to keep state-funded local schools open It’s a little past four in the afternoon, the time when schools ring their closing bells in the Hatsesikhal cluster of Odisha’s tribal-dominated Rayagada district. Just before Sekhal Primary School...

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