Cash transfer as substitute for state service provision is a dangerous recipe for callously anti-poor and corrupt governance. THE staggering number of recent articles, papers and books on the virtues of giving cash in place of public services to the poor has created an impression that a sort of epidemic has broken out. Economists, policymakers, bureaucrats and newspaper commentators are all infected by it and are in turn infecting others. The central...

U.S. support for Muhammad Yunus is so strong that Dhaka may find a negotiated settlement to protect the Nobel Laureate's image and the independence of the Grameen Bank. Nobel Laureate Muhammad Yunus's three-decades-long journey with microfinance was laborious. But he most certainly did not encounter a crisis like the one he is facing now. It was only in December 2010 that the Bangladeshi — who shared the Nobel Peace Prize with...

The BJP on Tuesday appealed to noted social activist Anna Hazare to end his fast unto death agitation in support of the demand for enactment of Lokpal Bill and asked the government to hold an all-party meeting to discuss the subject. BJP spokesperson Ravi Shankar Prasad said in a statement that the government must hold a dialogue with activists and an all-party meeting to take prompt for creating an institution to...

The United Nations agency dealing with weather and climate today reported that ozone loss over the Arctic has reached an unprecedented level this spring owing to the continuing presence of ozone-depleting substances and extremely cold temperatures. Data shows that the Arctic region has suffered an ozone column loss of about 40 per cent from the beginning of the winter to late March, according to a news release issued by the World...

From the Prime Minister down, WikiLeaks has exposed the rotten state of the world's largest democracy for all to see. Food prices become intolerable for the poor. Protests against corruption paralyse Parliament. Then a series of American diplomatic cables released by the WikiLeaks exposes a brazenly mendacious and venal ruling class; the head of government adored by foreign business people and journalists loses his moral authority, turning into a lame duck. This...