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Revisiting rural indebtedness - CP Chandrasekhar

-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...

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The barefoot government -Bunker Roy

-The Indian Express A government shorn of Western educated ministers could change the status quo. Since 1947, Indians have not spoken out so strongly and clearly for a completely new brand of people running government. Mercifully, there are no ministers educated abroad. Thankfully, none of them has been brainwashed at Harvard, Stanford, Cambridge, the World Bank or the IMF, subtly forcing expensive Western solutions on typically Indian problems at the cost of...

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The growth of an idea called development -Nilanjan Ghosh

-The Hindu Business Line While the limitations of the concept of economic growth are acknowledged, we need a better index than HDI Despite claims that economic development as a branch of economic science emerged only in the 1950s, there is no doubt that the notion of development existed even in classical economic thought processes, emerging from the writings of Adam Smith and David Ricardo. The recognition of development economics as a discipline...

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A great leap forward for agriculture -Bhavarlal H Jain

-The Hindu Business Line     A set of technologies that deals with production and marketing constraints can work wonders Indian agriculture faces herculean challenges today; yet, the near- and the medium-term outlook on agriculture and agri-businesses seem bright. Growing urbanisation and changing food habits, malnutrition plus declining areas under foodgrain pose a big threat to food security. Agriculture and food production are strongly influenced by international trade, credit availability, development co-operation, climate change and environmental...

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Small States, big problems-Ajay Gudavarthy

-The Hindu     Even a cursory look at how Uttarakhand, Chhattisgarh and Jharkhand have fared will tell us how the mere formation of a smaller State is no guarantee for better lives for those groups for whom these States have been created Smaller States have been the new political mode of addressing basic issues that were otherwise left unresolved. However, fighting for a new state and reconstructing on a more sustainable democratic content...

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