The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...

-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...

-The Hindu While voices were rasied against the brutal gang-rape of the 23 year-old woman who tragically died on Saturday, what about the daily occurrences of rape and assault in the lives of Dalit women? Who will listen to the voices of the margins? Margins mean those who are not in the capital, those who are not part of the urban middle-class, and those who are not in the gaze of the...

-PTI The retail sector, where the government permitted foreign direct investment in multi-brand, courted controversies during the year with several opposition parties making it a political issue in Parliament. Even before its entry into multi-brand retail, the global chain Wal-Mart was grappling with various issues, including spending money in the US on lobbying for entry into India. Adding action to the drama was Swedish furniture chain IKEA's hectic bargaining with the government over...

-The Economic Times The results of the UN climate-change conference that closed in Doha, Qatar, last Saturday show once again that the international negotiations are progressing, albeit slowly. At the heart of these negotiations is the most challenging energy transformation the world has ever seen. Past energy transitions have taken a long time to unfold. Firewood was not displaced by coal until the 18th century. It took one century for oil to...