Larry Summers, the recently departed Chairman of US President Barack Obama’s National Economic Council, posed the following question before his trip to India last November: “What is the self-perception of the Congress as a political party?” In fact, this broad question provokes three specific ones in the domain of economics. Is the Congress the party of Jagdish Bhagwati or Amartya Sen; Nehru or Indira Gandhi; or Aruna Roy or Nandan...

India's finance minister announced on Monday a food security bill for 2011/12, a measure that would provide cheap grains for millions of India's poor but which has sparked worries of a huge fiscal cost. It was one of the first signs of populism in the annual budget as Prime Minister Manmohan Singh confronted high prices and corruption scandals as well as elections in five states this year. In his ongoing budget speech,...

Recommends guidelines to be issued by Tribal Affairs Ministry The National Advisory Council (NAC) has drawn up detailed operational guidelines, which it has recommended that the Union Tribal Affairs Ministry issue to the States for strengthening the Forest Rights Act (FRA). These guidelines can be issued under Section 12 of the FRA. One, the gram sabhas that are called for enquiry and verification of claims should be convened at the level of...

India today slammed the US and other parties to the Copenhagen Accord for failing to deliver "fast track" financial obligations to Least Developed Countries (LDCs) and other nations facing the risk of climate change. Environment Minister Jairam Ramesh said the United States and other parties to the Copenhagen Accord had agreed to raise USD 30 billion for helping poor nations most at risk of climate change. "The continued inability to deliver on...

Ashok Gulati, Director in Asia for the International Food Policy Research Institute (IFPRI), was appointed Chairman of the Commission for Agriculture Costs and Prices for the Ministry of Agriculture , Government of India. Based in New Delhi, he will be involved in developing appropriate price policy and marketing structures for major agricultural commodities in the country. Gulati’s appointment begins on March 1. Bart Minten will be acting director of the New...