There is less than two weeks left for the Winter session of Parliament to conclude, but little business has been done so far. Both houses of Parliament have been adjourned since the session begun three weeks ago. It seems that the entire Winter session could be lost if the logjam between the government and Opposition persists. The only business that has been transacted in the last two days is the passage of...
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Rs 45000cr spends cleared without any debate in LS
With the government-Opposition standoff over a joint parliamentary committee probe into the 2G spectrum scam entering its 14th day, supplementary demand for grants amounting to spending of Rs 45,000 crore were passed without debate by Lok Sabha on Wednesday amid noisy disruptions. Both sides blamed the other for massive spending being decided without debate, with a repeat expected in the Upper House on Thursday. Supplementary demands related to railways are expected...
More »Five myths about microfinance by TT Ram Mohan
The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...
More »Jean Dreze, Development Economist interviewed by Vaibhav Vats
The Food Security Act was UPA-2’s flagship programme. Jean Dreze, member of the National Advisory Council, has publicly criticised the government. He tells VAIBHAV VATS what’s gone wrong. Much like the Mahatma Gandhi National Rural Employment Guarantee Act in the first term of the United Progressive Alliance, the Food Security Act was its most ambitious social welfare programme. Since discussions on the Act in the National Advisory Council began, its provisions...
More »Food Security Sans PDS: Universalization Through Targeting? by Smita Gupta
The case of the Food Security Bill gets curiouser and curiouser. What started off as a fight between universalization and targeting has ended (or so it would seem) in a complete victory in the National Advisory Council, Government of India (NAC) for targeting through universalization (if such a thing was possible), with the honourable exception of Prof Jean Dreze, who has to be commended for his ‘note of disagreement’. On...
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