The professional divide on Tendulkar's estimation goes a long way back A committee is being set up to devise yet another methodology to estimate poverty in India. The step has led to some unhappiness among economists and experts that it amounts to junking the services and competence of an expert like the late Suresh Tendulkar, whose study is sought to be replaced. Under pressure from all sides over its estimate of people...

-CNN-IBN The great Mughal emperor Akbar once asked if there was any man in his court unbound by his wife's command. The huge mass of his courtiers and public was stunned and stood huddled together barring one meek-looking man, who stepped away and stood alone. Akbar was curious and asked how such a submissive fellow was the only one brave enough to defy his wife. "I am not defying my wife,...

Experts agree that the economic and environmental costs of interlinking India's rivers far outweigh its projected benefits. Some people believe it is the one-stop solution to prevent floods and droughts, reduce water scarcity, raise irrigation potential and increase foodgrain production in the country. But others say it is just another grandiose scheme involving huge costs and leading to long-term ecological consequences. The contentious idea of interlinking India's rivers has come...

UPA-II's plans to replace the existing fertiliser subsidy regime with direct cash transfers to farmers will be delayed as the fertiliser ministry is likely to scrap an intermediate phase where the subsidy was to be rerouted from companies to retailers this summer. This puts paid to the fertilizer industry's expectation that very soon it would be out of the subsidy mechanism which locks up precious working capital. "We are rethinking the original...

Even as the opposition took the government to task for tweaking consumption data to show that the number of poor in India has declined, as first highlighted on Monday by Mint columnist Himanshu, Planning Commission deputy chairman Montek Singh Ahluwalia defended the methodology used for the calculation by the plan panel. Ahluwalia said the inclusion of money spent on the mid-day meal scheme in so-called private household expenditure was correct because...