Our policymakers would rather let food grains rot than feed the poor. What explains the near-comatose lack of response to a long-brewing crisis of increasing hunger? The most valuable resource that a country has is its people. The poor are not a liability, but an asset; they are the producers of essential goods and services we use, they hold up the sky for us for a pittance of a reward. The...
More »SEARCH RESULT
Govt role must in land buys: Basu
Chief economic advisor to the finance ministry Kaushik Basu says the government should step in and acquire land for development projects to protect the interests of farmers. He also explains why the government cannot tackle food inflation by distributing free foodgrain among the poor. Excerpts from interview with ET: A large number of land-intensive project have run into opposition. Could it actually undermine our infrastructure thrust and growth? There is...
More »Indian States Use Technology to Build Accountability
When noted economist Jean Dreze visited Surguja in Chhattisgarh a decade ago, its utterly non-functional Public Distribution System (PDS) looked like especially “designed to fail.” The National Advisory Committee member has written in a recent article that the ration shop owners illegally sold the grain meant for the poor and “hunger haunted the land.” But that was then. The economist was pleasantly shocked to see the transformation this time. “Ten years...
More »Rural India's communication divide by V Sridhar and Shamsher Singh
The ubiquitousness of the mobile phone in urban areas and its spread in rural areas in India seem to have fed a notion — not substantiated by hard evidence — that there is a wide and deep market for such services in the countryside. Such a notion has remained largely unverified because of the scarcity of data on the extent of ownership of assets and access to services such as...
More »Waiting for second revolution
After failing to come anywhere near the 10th Five Year Plan (2002-07) target of 4 per cent per annum rate of growth of agricultural output, the Planning Commission has projected a lower target growth rate of 3 to 3.5 per cent per annum for the 11th Plan period. While some may view this as a more modest target, others may consider it as still far too ambitious, given the track...
More »