Cash transfers, the latest global development fashion, involve several risks in India, not least the risk of forgetting the need for continuing structural change. WHEN I was growing up, several decades ago, middle-class society in India was always a little delayed in catching on to Western fashions whether in music or dress or in other aspects. The past decades of globalisation seemed to have changed all that. Modern communications technology...

The government will announce a 30-member joint parliamentary panel with terms of reference expected to cover the period of the execution of the first-come, first-served policy for telecom licences including the opposition NDA's term in office. The committee is expected to submit a report in six months but sources were doubtful if this might be sufficient. The announcement on the JPC, its membership and terms is to be made on Thursday...

Marie Antoinette, the liberal and concerned queen of France, on seeing the poor and hungry masses demanding bread, said in a fit of charity — “let them eat cake”. Member of the prestigious National Advisory Council (NAC) Jean Dreze surveyed the performance of the existing National Food For Work Programme (NFFWP) in July 2005 and concluded that the performance was “alarming”. The work guidelines were not being enforced, and the...

The Mahatma Gandhi National Rural Employment Guarantee Act — or MGNREGA as it is commonly known — has completed five years. Since its inception, I remember how joyous I was while becoming part of the process of its being passed in the Lok Sabha. In fact, we were restless for the delay in the presenting of the standing committee's report. I felt it took too long a time in deliberating...

The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....