Food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is competition and supply-side changes can occur. But in...
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Dr Abhijit Sen, Member-Planning Commission of India, interviewed by Ajay Vir Jakhar and Paranjoy Guha Thakurta
Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...
More »Jairam Ramesh proposes concurrent audit of rural welfare schemes by Urmi A Goswami
The rural development ministry has mooted the idea of concurrent evaluation of welfare schemes. Rural development minister Jairam Ramesh has put forward a proposal to Prime Minister Manmohan Singh, outlining the proposed concurrent evaluation network to improve the efficiency and quality of outcomes of all rural development schemes. The government's annual budget for rural development comes second only to defence. In the current fiscal, the ministry's allocation (including spend on drinking...
More »Budget 2012: Finmin seeks to blur plan-non-plan distinction by Devika Banerji & Deepshikha Sikarwar
The Planning Commission and the finance ministry are at odds over the accounting of plan and non-plan schemes in the budget. While the finance ministry is pushing for inclusion of more than 10 non-plan schemes in the planned budget for the next financial year, the Planning Commission is resisting the move as it would eat into the share of existing schemes. The commission's reluctance follows an expected cut or flat allocation...
More »Time to end West's farm subsidy as a condition for funding European bailouts: Swaminathan A Aiyar
-The Economic Times The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone. But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...
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