-The Economic Times The finance ministry on Thursday announced a 10% cut in non-plan expenditure in the current fiscal as part of austerity measures aimed at containing its ballooning fiscal deficit. The Centre is aiming to bring down its fiscal deficit to 5.1% of GDP in 2012-13, from 5.76% in the previous fiscal. It also hopes to cut its subsidy bill to below 2% of GDP this year. The ministry has argued that...

With the Central government unsure of getting the Foreign Educational Institutions (Regulation of Entry and Operations) Bill, 2010, through the Rajya Sabha, the Human Resource Development Ministry is now trying to allow “backdoor” entry to foreign institutions. The Ministry has asked the University Grants Commission (UGC) to identify possibilities within the existing laws of regulating and allowing the foreign educational institutions. The two possible ways of going about it are allowing these...

-The Economist An absence of optimism plays a large role in keeping people trapped in poverty THE idea that an infusion of hope can make a big difference to the lives of wretchedly poor people sounds like something dreamed up by a well-meaning activist or a tub-thumping politician. Yet this was the central thrust of a lecture at Harvard University on May 3rd by Esther Duflo, an economist at the Massachusetts Institute...

It is mostly caused by deliberate neglect and designed failure of the way we manage water and land It’s drought time again. Nothing new in this announcement. Each year, first we have crippling droughts between December and June, and then devastating floods in the next few months. It’s a cycle of despair, which is more or less predictable. But this is not an inevitable cycle of nature we must live...

-The Financial Express Lots of work ahead to make RTE work The reasons behind the poor performance of schools students in India are slowly being whittled down from a whole range of reasons (low attendance, high drop-out rate, lack of teachers, lack of adequate number of schools, etc) to just a few key areas that need a lot of work. The most pressing need seems to be the paucity of trained and...