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Rich Economy, Poor Management -Pranab Bardhan

-Outlook Don’t blame globalization for inequality – but rather policies hijacked by a few Economic globalization in the sense of expansion of foreign trade and investment is, of course, somewhat anaemic, reflecting the impact of global recession, although still vigorous in the sense of continuous international transmission of technology, information, ideas and social media. But in the world of politics and policymaking a cold wind is blowing, dimming earlier enthusiasm for global...

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Slum dwellers contribute 3-3.5% of Bangalore's economy-Mahesh Kulkarni

-The Business Standard A study has found that the poor households earned a total of Rs 1,545 cr, spent a total of Rs 1,185 cr, and contributed a savings of Rs 360 cr to the city in 2011 Urban poor living in slums of Bangalore contribute 3-3.5 per cent of the City’s economy. About 9-11 per cent of the city’s population that lives in slums contribute between Rs 1,643 crore to Rs...

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Putting their name on grain of rice -Snehlata Shrivastav

-The Times of India NAGPUR: Talodhi, a village in Chandrapur district, is emerging as a centre for 'rice breeding' in literal sense. Two retired agricultural scientists from city, a big farming family from the village, the Poshattiwars, and some local farmers have joined hands in developing new genetically pure varieties from locally available varieties. It would not be an exaggeration if Poshattiwars and their team of farmers are called 'farmer scientists' as...

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The World Bank’s misdiagnosis-Himanshu

-Live Mint Flexible labour laws in India cannot solve the problem of weak job growth and the poor quality of employment  The theme of the World Bank’s World Development Report this year is, appropriately enough, jobs. The report recognizes that creating jobs is the surest way of reducing inequality and poverty, particularly in the developing world. But the cliché it offers as a solution is disappointing: relax labour laws. The bank has...

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The truth behind NaMo’s numbers -Ajay Umat

-The Times of India In a recent election rally, Gujarat chief minister Narendra Modi advised Prime Minister Manmohan Singh, one of the country's top economists, to follow the Gujarat model of development , to cure the country of its ills. "Mr Prime Minister, if you try to follow the path of Gujarat state, the condition of the country will be transformed." Modi, who is projecting himself as the champion of economic...

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