"We cannot have two Indias. You want the world to believe we are the strongest emerging economy, but millions of poor and hungry people are a stark contrast," the Supreme Court said on Wednesday pointing to a huge gap between poverty eradication measures and spread of the problem. The court's anguish was palpable. A Bench of Justices Dalveer Bhandari and Deepak Verma asked the government why additional subsidised food grains be...

As I have watched mass hysteria build up over Anna Hazare’s fast, there have been moments when I felt that his supporters had forgotten that India is a democratic country. I have long believed that the most apolitical Indians are those who belong to the English speaking, tweeting, texting middle classes but I had no idea just how apolitical they were till last week. Without reading the Jan Lokpal bill...

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...

The Budget should be an instrument of economic discipline and a promoter of healthy social development. As it is, it is like a leaky tap; it cannot halt inflation without disciplining political skulduggery. March 21, 2011:   A lot has been written about the Budget, how it affects this or that industry or business, or how it will increase or decrease the GNP growth rate. Undoubtedly, all those factors are important. But...

With food inflation hovering in the double digit bracket for most part of 2010-11 and the aam aadmi up in arms, all hopes were pinned on the Union Budget 2011-12 for giving a new fillip to the farm sector. But the budget has disappointed most, in spite of finance minister Pranab Mukherjee allocating Rs 14,744 crore for agriculture. “An increase of only 2.6 per cent over last year makes the...