-The Times of India The ongoing 'Bhagwati versus Sen' debate has generated more heat than light, necessitating correction. As an equal co-author of India's Tryst with Destiny, which defines the Bhagwati position, my stake in the debate is second to none. Two extreme characterisations of the positions of the two sides have emerged. The first has it that the differences between them are minimal with each side expressing the same ideas in...
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Prof. Amartya Sen, co-author of the book - An Uncertain Glory: India and its Contradictions, interviewed by Mihir S Sharma
-The Business Standard Nobel Prize-winning economist Amartya Sen, who has just written An Uncertain Glory: India and its Contradictions with Jean Dreze, tells Mihir S Sharma that he doesn't understand why his book has received an angry reaction, or why he is being called anti-growth and pro-redistribution. * Is it startling to discover that you are being called a licence Raj socialist? It is very strange indeed. Perhaps some of this reaction is...
More »Five questions govt needs to answer on food security -Vivek Kaul
-First Post Sonia Gandhi wants the chief ministers of fourteen states in which the Congress party is in power to role out the food security scheme in letter and spirit, and in quick time. Some media reports suggest that the scheme will be rolled out on August 20, which also happens to be the birth anniversary of Sonia's late husband Rajiv Gandhi. While there seems to be a great hurry to launch...
More »A food security ordinance that will stimulate food inflation is passing strange
-The Times of India The Parliament's monsoon session is only about a month away. That the Union cabinet has yet taken the ordinance route to implement the national food security Bill signals the scam-tainted UPA government's desperation to woo voters before the next general elections. But the hope that expanding what is already one of the world's largest food security programmes will boost political fortunes is hallucinatory. The exchequer is already...
More »How to reduce our rotting mountains of grain
-The Economic Times India's GDP growth has almost halved from 9.2% in 2010-11 to 5% in 2012-12. Major problems include a high current account deficit, high fiscal deficit, and lack of bank credit for small and medium enterprises. All three problems can be mitigated substantially by one single measure - reducing excess food stocks. So say Ashok Gulati and Surabhi Jain, chairman and joint director respectively of the Commission for Agricultural...
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