The Budget provides proof of the United Progressive Alliance government having forgotten the importance of its own “flagship schemes”. BUDGET 2012-13 provides conclusive proof that the United Progressive Alliance (UPA) government has lost its way. It has managed the remarkable feat of upsetting almost everyone and making no one happy. The Budget is highly regressive in both taxation and spending terms and will raise prices of essentials, so aam aurat and...
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In whose welfare?-Gaurav Choudhury
One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...
More »The Food’s Off The Table-Harsh Mander
It is disappointing that the government has not taken any steps to provide for the Food Security Bill, which is in Parliament, in this budget. A significant announcement on it was anticipated this year; that would have been the only way to see it roll out in 2012. Now, I think, the government must be bargaining for legal processes to take over, which we know will take some time, before...
More »India trades up, finds census by Asit Ranjan Mishra & Shuchi Bansal
The latest round of data on the 2011 Census shows that the country is exhibiting distinct signs of trading up as material living conditions improve for large sections of the population. Although this aggregate picture is not uniform across the country, analysts believe that the upward material mobility in society is creating the basis of a new consumer boom in the economy—serving up a perfect backdrop ahead of the presentation of...
More »In your land, lie riches by Poorva Sagar
In India's western state of Maharashtra, a project supported by Japan International Cooperation Agency is yielding better incomes for farmers and has lured the migrants back to their native villages. PROJECT: RURAL DEVELOPMENT FOR POVERTY REDUCTION PERIOD: 2008-2011 Vishwanath Gangaram Malpote, 28, is in the midst of a robust harvest. As he weeds his rice field, one cannot but help admire his meticulous effort to pluck off the small undergrowth from the standing...
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