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The black money monster

-The Times of India   The high drama over Baba Ramdev's midnight eviction and action against the peaceful gathering has shifted the focus away from the central is sue raised by the Baba – black money overseas – to the right to protest in a democracy. This being the case, there is danger of an uninformed debate on black money taking over, guided more by emotions and populist talk rather than...

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NAC draft Food Bill: PDS gets legal backing & eminent panel by Ravish Tiwari

In the season of draft Bills, the Sonia Gandhi-led National Advisory Council has come out with its draft of the National Food Security Act, 2011, that gives legal backing to the highly leaky PDS system, thereby excluding innovative options like cash transfers, which may have included variants like food stamps and UID-linked smart cards. Despite the PM’s panel objecting to universal legal entitlement, the draft says that “not less than 90%...

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States should pay cash if they fail to provide grain: Draft Food Bill by Binoy Prabhakar

The draft Food Security Bill makes it compulsory for state governments to pay a food security allowance to targeted sections in case of failure to supply foodgrain through a sweeping welfare scheme targeted at nearly three-fourths of the population. The amount will be decided by the central government. The draft bill also presses for a radical overhaul of the food distribution system by giving incentives to independent agencies that procure...

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Basics of the debt demon by Devadeep Purohit

Mass leaders in India have a tradition of broaching BSP —bijli, sadak and pani — issues to strike a chord during election rallies. However, in almost each of her 150-plus rallies across the state in the election season, Mamata Banerjee deviated from the conventional mix and squeezed into her speech phrases like debt burden, public finance and economic recovery. Whether such esoteric terms found resonance or not, Mamata did get across the...

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Punjab, Star of India's Rise, Faces Steep Fall by Amol Sharma and Geeta Anand

TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...

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