The food ministry seems to have given up the hope of seeing the Food Security Bill passed into a law this financial year. But the delay in the rollout of one of the government's most ambitious welfare schemes will surely bring joy to mandarins at the North Block , who have been battling to rein in the government's expenditure. The food security law, which envisages subsidized grains for at least...

The roller-coaster ride of the government-civil society joint drafting committee on the Lokpal (ombudsman) Bill has ended in a draw, but left both sides badly injured. Whether the tie will be broken when they present their separate recommendations to a proposed all-party committee in July remains an open question. Yet, this is a good time to draw up a balance-sheet of the government's first-ever effort to take on board civil...

-The Times of India   Baba Ramdev's world is not just a popular yoga empire but a clutch of hugely profitable businesses, ranging from successful ayurveda products to a popular TV channel. Vedic Broadcasting Limited, which runs Aastha channel, made a net profit of Rs 2.30 crore on a total turnover of Rs 19.26 crore in 2009-10. The company mopped up Rs 18.50 crore revenue in advertisements, telecasting fees and others. The...

The current perception that cash transfers can replace public provision of basic goods and services and become a catch-all solution for poverty reduction is false. Where cash transfers have helped to reduce poverty, they have added to public provision, not replaced it. For crucial items like food, direct provision protects poor consumers from rising prices and is part of a broader strategy to ensure domestic supply. Problems like targeting errors...

The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...