Interview: ‘We have underestimated the extent of India’s jobs crisis. It is far more serious’

and gosh. one more frikking q&a. On Thursday, a political storm boiled over after Business Standard reported that, between 2017-’18, unemployment numbers in India reached a 45-year high. The newspaper based its report on a survey, conducted by the National Sample Survey Organisation, called the Periodic Labour Force Survey that the government had not made public.  According to […]

P Chidambaram interview: Minimum income plan aims to wipe out poverty, MGNREGA had limited objective

On January 28, Congress president Rahul Gandhi announced the party is “committed to a Minimum Income Guarantee for every poor person”. His brief announcement raised more questions than answers. The financial scale of a scheme that gives a monthly income to the poor in India will be huge. Therefore, how will it be funded? If […]

Reviving the Ganga #3. Three ways in which the Modi government is adding fresh stresses to the river

A century ago, the gharial could be found all the way from the Indus to the Irrawady. The thin-snouted, fish-eating member of the crocodile family was spread out over 20,000 sq km at the time, studies estimate, and numbered between 5,000 and 10,000. Now, no more than 200 breeding adults survive in the wild. The […]

Reviving the Ganga #2 Modi said he would revive Ganga but his government is doing the opposite by reviving dams

The focus of their anger lay 400 kilometres to the north. Since 2002, Uttarakhand, where the Ganga originates, has been on a drive to build hydel power projects. The state, which currently produces 4,000 MW of hydel power from 98-odd projects, has since 2009 signed agreements to build another 350 dams. Most of these are […]

Reviving the Ganga #1. Modi’s clean Ganga plan hinges on private companies tackling sewage. Will it work?

In September 2014, shortly after coming to power, Prime Minister Narendra Modi held his first meeting on the Ganga. The river had featured prominently in the Bharatiya Janata Party’s election manifesto. The Ganga was both jeevan dayini, the giver of life, and mukti dayini, which sets the soul free, the document said. But all was […]

Insolvency process: Competition Commission should see if monopolies are forming, says Yashwant Sinha

Over the last four-and-a-half years, the Bharatiya Janata Party-led National Democratic Alliance government has done much to constrict India’s economy. Demonetisation hurt the smallest businesses: those of the self-employed. Their incomes are yet to return to pre-demonetisation levels. Many slightly bigger businesses, like small and medium enterprises in industrial clusters like Surat in Gujarat and […]

Interview: Income support schemes for farmers are a cop-out, says economist Abhijit Sen

On January 1, when Indian news agency ANI asked Prime Minister Narendra Modi about the government’s plans to reduce agrarian distress, he said loan waivers do not work as a very small segment of farmers take loans from banks. “A majority of them take loans from money lenders,” said Modi. “When governments make such announcements, […]