“The best way to solve the problem of surplus foodgrains is to roll out food security law” Opposing the Union Finance and Food & Civil Supply Ministries' proposal for providing foodgrains as part payment of wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme, Union Rural Development Minister Jairam Ramesh holds that the best way to solve the problem of surplus foodgrains is to roll out the food security law...

There is evidence to show that growth is slowly becoming inclusive. But for the quality of life to improve, incomes must be complemented by infrastructure. For close to at least five years now inclusive growth has had a central place in the official discourse on the economy. The UPA II has itself worn its self-proclaimed success in delivering an inclusive growth as a badge of its effectiveness, not to mention its...

The RBI’s monetary policy statement for 2012-13 has said that penetration of banks in rural areas has increased. It said that banks are now providing banking services in rural areas through 1,38,502 outlets. This includes 24,085 rural branches, 1,11,948 business correspondent outlets, and 2,469 outlets through other modes. In early March 2010, banks had only 21,475 brick and mortar branches in rural areas. No-frills accounts No-frills accounts have increased to around 99 million with...

-Live Mint   No other social sector programme has been criticized for being successful as has the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). So much so that it is not the inefficiency of the MGNREGS that is a problem, but its success that is seen as the reason for several problems facing the country. Even though it is still a small programme with annual spending of less than Rs.35,000 crore,...

One would expect a debate such as the current one on poverty estimates to be conducted with a serious exploration of its various facets. However, instead of a comprehensive, fact-driven exploration, the debate has yielded aspersions on the intellectual honesty of academicians. Although given its electoral connotations, one does expect political biases to creep into the debate, the barrage of criticism hurled at the Planning Commission, over its affidavit in...