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Friday, 18 May 2012

 
Letter from the Editor

The entire inclusive growth effort of the government was funded by the surpluses generated through the high growth rates seen under UPA-I due to the reforms unleashed in the nineties. There is also evidence that the lot of poor changed for the better, even though marginally. The impact was muted due to leaky delivery systems, poor governance and lack of capacity in the government to either conceptualise or deliver on well-targeted interventions. Now all hopes are in the Aadhaar basket and we should all pray that it works and scales.. ...read more
 

Columns

 
India’s Floundering Social Sector
India’s aspiration to become a middle-income country has to come to terms with its poor performance in the social sector. India is fairly slow in improving social indicators even when compared to other poor countries,
says N C Saxena...read more


 
Future Course of Financial Sector Reforms
The widely held perception is that financial sector reforms were initiated in 1991. It bears mentioning however that the dirigiste regime of the 1970s was deeply ingrained and it took the entire decade of the 1980s to gradually ease the tightly controlled regime of the 1970s,
writes S S Tarapore...read more



Lifetime Achievement

Growth prerequisite for inclusive growth

altIf India grew at 3.5 per cent, we would have been amongst the poorest nations of the world. It is important therefore that we grow. We need to work together to grow at a high rate over the next 20 years, says P Chidambaram...read more
Joking Seriously
Close encounters with bureaucracy...
As I entered the hallowed chambers of the big babu, he looked at me angrily and said, what took you so long to come and meet me.
But I have been trying to get an appointment with
you for six months now, said I
You should have called on my mobile and what is this you have not prostrated yourself to pay your obeisance yet.
But I have met a lot of babus and never been expected to prostrate myself...read more
Feature



Economic factors play a pre-dominant role in determining the destiny of the marginalised groups and inviduals. From the short-term, immanent needs perspective, including all the citizens would be one way to reach the marginalised. Another would be converge different schemes of the government on a single platform to effectively and meaningfully target the beneficiaries, reports Team Inclusion...read more


Book Review


From Ecstasy to Agony and Back
As apparent from the tagline, Barnabe D’Souza’s From Ecstasy to Agony and Back presents the journey of adolescent street drug-addicts – from psychological brokenness resulting from family disruption to the process of mend; from physical abuse, mental trauma and vulnerability to building up of self-esteem, talents and personality; and finally to the process of moving off the ‘streets’ and getting into the mainstream....read more

Urgent and sweeping reforms had pulled a faltering Indian economy out of a dangerous nose-dive more than two decades ago. Are there indications that it is once again headed into a disastrous tailspin?  Special Reports by Team Inclusion

Chasing the Chimera?: An Economic Perspective  ...read more
Chasing the Chimera?: A Social Perspective  ...read more
PRIs: Devolution, still a dream  ...read more
MGNREGA: Need for a more focused approach ...read more
Financial Inclusion: Need to speed-up
...read more


Time to take “Hard Decisions”Montek Singh Ahluwalia
The dismantling of import regulations during the early 90s was a major game changer. Pranab Bardhan had written a very interesting article those days saying that import controls are a bad idea but, in the same vain, also said that it will never change because it is difficult to imagine a person who could give them up. It is not easy to dismantle ones own discretion. But it was a time to take decision. ...read more

Only Growth is Key to Inclusive Growth
C Rangarajan

Early days of the reforms, although look simple in retrospect, were otherwise quite challenging. It was a time to take difficult and bold decisions. Devaluation of the rupee was being done, which had an immediate impact on exports and imports. Since the process of devaluation takes its own time we came up with Exim Scrip scheme. That was a brilliant idea because we wanted to do away with all kinds of export subsidies. It was not long before we moved to the dual-exchange rate and then finally to market-determined exchange rate system. ...read more
Reconciling Growth and Environmental Protection
The environmental impact of infrastructure expansion that will arise from a larger population with rising living standards, rapid urbanisation, growing energy use and water demand will have to be managed by modifying the focus of infrastructure planning and by greater transparency in the decision-making process, says Nitin Desai ...read more 
Inclusion and growth in India: Bare facts, Revealing Branches
Often in the polemical debate about poverty and policy, and the poverty of policy, the facts become irrelevant. One rather striking finding about the inclusive growth process in India is that real inequality has stayed constant for almost 30 years since 1983. Regarding poverty, a striking finding is that as of 2009-10, the Millennium Development Goal of half the poverty level as in 1990 was achieved a full six years before the 2015 expiry date, writes
Surjit S Bhalla
...read more

Agriculture : The Land of Lost Opportunities
Indian agriculture plays a unique role in food security, employment creation and poverty alleviation besides providing cheap labor for the industrial and services sectors. Farmers are rapidly becoming impoverished due to price and movement controls. Subsidies attributed to agriculture are misplaced with diesel subsidies, free electricity, and subsidies to fertilizer manufacturers. If farming is so highly subsidised, why are our farmers committing suicide? Are we only paying lip service to developing the agricultural sector, asks K G Karmakar ...read more

The Great Poverty Debate
Estimates of poverty are highly debated today. How do we measure the ‘other India’ which is still mired in poverty, without access to basic services? It is time we adopted a more humane approach to measuring and tackling poverty in India, and make economic growth truly inclusive, introspects Rajesh Shukla ...read more

Rethinking NABARD
With economic growth prospects looking disappointing, and poor agricultural growth in 2011-12 at no more than 2.5-2.7 per cent, this is the time to look at the institutional interventions we made during the last few decades, principal among them being NABARD, says Yerram Raju ...read more

Revive Faith in the Indian Economy
I would really work for the delivery end. Food prices going up was really a question of supply side mismanagement and some blockades in the supply side. So, primary attention has to be to the economy and as soon as the nation picks up its confidence on the economic side then we need to address the other side, i.e., restoration of law and order, says Jaswant Singh ...read more



Inclusion of Panchayat must for inclusive Growth
Implementation of social sector schemes through institutes of self-governance and push to agriculture sector could usher rapid equitable growth in the country, opines Mani Shankar Aiyar ...read more

Need for Equal Rights and Privilege for Minorities
As the processes of economic development unfold, pressures are likely to build up and intensify when there is unequal development and some groups or minorities lag behind in the development process. Ideally, development processes should remove or reduce economic and social obstacles to cooperation and mutual respect among all social and ethnic groups in the country, writes Rajinder Sachar...read more



Overcoming Social Exclusion:  Breaking the cycle  of caste
Breaking the cycle of disadvantage is for those individuals and communities who have spent too long waiting for opportunities to make a contribution and participate in a meaningful way. It is about reaching out to people on the margins and drawing them into full engagement in the economic and social life of our country, says Ruth Manorama ...read more

Reforms: The Unfinished Agenda
Reforms initiated by Manmohan Singh in 1991 can be classified as first generation reforms. When I took over as finance minister, I found that there was an unfinished agenda of the first generation reforms and there was a need to launch the second generation of economic reforms. So I started to attend to these and tried to complete the first generation of economic reforms, says Yashwant Sinha, Member of Parliament and former Finance Minister ...read more
Public Office Private Benefits: India’s Corruption Story
C orruption has become integral part of our daily life. Everywhere power is being (mis)used for personal gains and gratification. The more corrupt the state, greater the number of laws. A strong state does not require more laws. It requires laws that are better enforced, writes Laveesh Bhandari ...read more

Where is the economy headed
Alice’s Adventures in Wonderland has a conversation between Alice and the Cheshire cat. ‘Would you tell me, please, which way I ought to go from here?’ ‘That depends a good deal on where you want to get to,’ said the Cat. ‘I don’t much care where…,’ said Alice. ‘Then it doesn’t matter which way you go,’ said the Cat. ‘…so long as I get somewhere,’ Alice added as an explanation. ‘Oh, you’re sure to do that,’ said the Cat, ‘if you only walk long enough.’ In terms of the economy, are we clear about where we want to go? Or are we just trundling along, as long as we get somewhere? questions Bibek Debroy ...read more

From a Right to Schooling to a Right to Learning: Rethinking Education Finance
Should elementary education be delivered through the current model that focuses on the expansion of schooling through a top-down, centralised delivery system or we use the Right to Education as an opportunity to alter the current system and create a bottom-up delivery model that builds on an understanding of children’s learning needs and privileges accountability for learning rather than schooling, questions Yamini Aiyar...read more


Home-grown Green Revolution

Agricultural growth on a year-on-year basis is critical for both food security and inclusiveness of growth. The Eleventh Plan target fell short by 25 per cent and the Twelfth Plan aims not only to attain the target but also cover lost ground. N A Mujumdar debates how to go about achieving this...read more






   

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Sameer Kochhar, Chairman, Skoch Group, calls UID an 'upside down model' in an interview with Bloomberg- UTV on 30th September 2011.

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I have received Inclusion expressing your views on the UID scheme of the government.
Sonia Gandhi, Chairperson, National Advisory Council
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Should states have more say in spending rural development grants released by the Central Government?
 
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The farm sector should be divided into four categories -Prabhakar Kulkarni
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