WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...

The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...

This is a budget crafted for, and perhaps by, the corporate farmer and agribusiness. The real heroes of India's success story were our farmers. Through their hard work, they ensured “food security” for the country.— Pranab Mukherjee, interim budget speech Feb. 16, 2009 This Budget belongs to 'Aam Aadmi'. It belongs to the farmer, the agriculturist, the entrepreneur and the investor. — Pranab Mukherjee, budget speech, Feb. 26, 2010 Gee! Another pro-farmer budget....

Monica Das Gupta is a senior social scientist at the World Bank. Her field research in Punjab, when she was at the National Council of Applied Economic Research, established that sex differentials in child mortality in rural Punjab persisted despite relative wealth, socio-economic development including rapid universalization of female education, fertility decline, and mortality decline. Amartya Sen’s writings drew attention to female foeticide and infanticide in Asia that led to...

The poverty line that the Tendulkar Committee proposes depends on reduced calorie consumption, and fails to provide for reasonable household expenditures on schooling and health.  For some years, the Government of India has been under pressure to change the norms for calculating the official poverty line. Current norms have resulted in gross and manifest underestimation of the numbers of the poor, and, consequently, in the exclusion of hundreds of millions...