An inquiry committee appointed by the Supreme Court to look into the functioning of the public distribution system has just turned in a damning report to the effect that the system is riddled with corruption and has virtually collapsed in some states. This observation will not come as a surprise to most people. Indeed, it is not a coincidence that even the Central government’s own Economic Survey mentions the need...
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Poor families may get right to 35 kg foodgrains a month
A ministers' panel meeting tomorrow is likely to consider raising poor families' entitlement for rice or wheat to 35 kg per month at Rs 3 a kg. The Empowered Group of Ministers of Food, headed by Finance Minister Pranab Mukherjee, earlier on March 18 cleared the Food Security Bill, which provided poor families right to 25 kg of the foodgrain in a month . The EGoM is revisiting the bill, the ambitious...
More »Inflation moving fast towards the double-digit mark
With food prices showing no signs of abating and the impact of the fuel price hike in the latest budget making its presence felt, inflation moved fast towards the double-digit mark, touching 9.89 per cent in February, the highest in 16 months. The wholesale price-based inflation stood at 8.56 per cent in January. This could well cross the double-digit mark in March, experts said. Finance Minister Pranab Mukherjee had earlier said the...
More »Education in the Union budget by Jandhyala BG Tilak
One looks forward to the Finance Minister's budget speech with a hope that it spells some new major initiatives and schemes for development, and that it might promise any major allocation of resources to any sector, besides fresh tax proposals. In the case of education sector, one might feel disappointed at the proposals made in the Union budget for 2010-11 on both counts. No new initiatives are proposed; no major...
More »K.N. Raj: teacher, economist and institution builder by J Krishnamurty
In 1960, when I was enrolled for my MA at the Delhi School of Economics, the shining star at the School was certainly K.N. Raj. The founder of the School, V.K.R.V. Rao, had left the institution, but came back every Founders’ Day to remind us of its glorious past and of the enduring values it embodied. Raj’s style was much lower key, but it soon became clear that his dedication...
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