The NAC lies defanged; the markets leap for joy at Manmohan’s & Co’s charge of a ‘new’ Economy How swiftly things change. Just a month ago, the great Indian growth story was being written off. Now, the “new Economy”, run by the PM-cum-FM, will sift through the rubble of under-seven per cent growth, find the hidden springs of recovery and throw in some reforms for good measure. A top taxman says...

-The Times of India An ongoing exercise at the Planning Commission lays bare Bihar's ambitious growth agenda. Its total plan outlay for the 12th five-year plan (2012-17) at Rs 2.69 lakh crore is more than what a fast growing state like Gujarat has spent in the last 50 years. Bihar's projected expenditure in the next five years will be the third highest among all states, next only to Andhra Pradesh and Maharashtra. The...

-The Indian Express An intriguing paradox of contemporary Indian politics has been insufficiently noted: corporate India finances India’s elections, substantially if not wholly, but it is unable to determine election outcomes. Money matters, but it is not always electorally decisive. The recent Uttar Pradesh elections provide the clearest illustration of this proposition. As is well known, the Congress, BJP and BSP were all better financed than the SP which, especially after the...

With the threat of a failed monsoon and an impending drought, the need for public works and for greater numbers of workers will arise in many states, says National Advisory Council member Aruna Roy Despite all its seminal achievements, the Mahatma Gandhi National Rural Employment Gurantee Act is at the receiving end of the most controversial critiques any government programme has received so far. We could perhaps invert this to say...

-FAO Sustainable fisheries and aquaculture play a crucial role in food and nutrition security and in providing for the livelihoods of millions of people. FAO's latest flagship publication on the state of fisheries and aquaculture, launched at the opening of the 30th session of the FAO Committee on Fisheries, highlights the sector's vital contribution to the world's well-being and prosperity, a point reflected in the recent Rio+20 Outcome Document. The State of...