The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....

The Congress-led government in Assam is going into an overdrive before the polls to reach out to all sections of the population. Chief minister Tarun Gogoi today announced his government’s decision to increase the quota of rice from 10kg to 20kg rice per family at the rate of Rs 6 per kg under the Chief Minister’s Anna Suraksha Yojana that was launched late last year. The scheme, being funded from the state’s...

The key to the United Progressive Alliance’s return to power in 2009 lay in its promise of “inclusive growth” centred on the aam aadmi. On top of the launching of the Mahatma Ga­ndhi National Rural Employment Guarantee Act (NREGA), this gave the UPA immeasurably greater appeal and legitimacy than its rivals. But it also entailed obligations to implement other rights-based programmes, on food security, education and healthcare, am­ong others. The National...

Despite its slackening industry, the common perception of West Bengal as a backward state has little substance when one looks at the facts. Most of us are conditioned to view economic development in terms of industrialisation. While industrialisation is essential for economic transformation, it is not as if economic growth is not possible without it. The sectoral structure of India's gross domestic product (GDP) and its slow transformation makes a good...

Heading for further confrontation with Prime Minister’s Office, Sonia Gandhi headed National Advisory Council will soon issue a paper to counter the PM’s Expert Committee’s claim that its proposed National Food Security law cannot be implemented. In its first indication of the confrontation, the NAC on Friday issued a draft of the proposed food security law as per its recommendations to the government in October 2010 to cover 75 % of...