Swaminomics

Narendra Modi, chief minister of Gujarat, chose Independence Day, August 15, to launch his campaign to become prime minister. He is not formally the BJP’s official candidate, but makes no bones about his ambition. Even as Manmohan Singh made one more tepid Independence Day speech from the Red Fort, Modi lambasted him in a rival More >

In several areas, Indian rules and regulations make honest business impossible. The only choice is illegal business or no business. This underlies the suspension of Durga Sakthi Nagpal, the IAS officer in Uttar Pradesh who took on the sand mafia and paid a heavy price. Sand is essential for construction. Sand, gravel and cement are More >

How much does a poor man’s meal cost? One politician said Rs 5. Another said Rs 12. TV channels had a field day going around dhabas in cities, looking for cheap meals. Unsurprisingly, they found that even cheap dhaba meals cost Rs 20-25, and castigated insensitive politicians ignorant of Indian realities. The expose was most More >

When China reduced people in poverty by 220 million between 1978 and 2004, the world applauded this as the greatest poverty reduction in history. Amartya Sen, Joseph Stiglitz and all other poverty specialists cheered. India has just reduced its number of poor from 407 million to 269 million, a fall of 138 million in seven More >

Last week I visited tribal areas in Gujarat to see how technology and an activist NGO could empower once-powerless tribals to get their full land rights under the Forest Rights Act, 2006. The Act provided for land titles to be given to tribal plots in cultivation in December 2005. Earlier, government takeover of forests had More >

Most people are so outraged by the rising tide of criminals in politics that they will welcome the two latest Supreme Court judgments. One bans any convicted person from contesting elections even if the person has appealed to a higher court. The second bans anybody contesting from jail, even if only in temporary police custody More >

For all the current gloom about the economy, the 2011-12 data on employment and consumption shows a remarkable one-third increase in average household consumption over two years, well above the rate of inflation. This will fuel Congress hopes to fare better in the 2014 election than opinion polls suggest. Four trends stand out. First, poverty More >

The latest employment data for 2011-12 show that India’s much-hyped demographic dividend has not yet arrived. The proportion of workers in the population rose slightly from 40% in 1980 to 43% in 2004-05, but is now down again to 40%. This is actually good news. It means that the record GDP growth of the 2000s More >

On June 6, a new venture capital fund was launched by the Dalit Indian Chambers of Commerce and Industry (DICCI) to raise Rs 500 crore from investors for investment in companies run by dalits and tribals. Let goody-goody piece of affirmative action. The fund aims to provide investors with a commercial 25% pre-tax internal rate More >