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...

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...

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...

Inclusion of Panchayats: 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...

KVP needs tax breaks to emerge as a good investment option for poor

The relaunch of Kisan Vikas Patra (KVP) should not be looked as a mere addition of an investment option and a conscious bid to lift the savings rate of the country, but as a decisive pro-poor policy of the Modi government.

5 March 2015
Dogged Persistence on PSL Certificates by RBI

While it was a RBI Deputy Governor who first talked about the 'Lazy Banking Concept', one must comment on the RBI's dogged persistence in bringing in the concept of Priority Sector Lending Certificate (PSL Certificate). Let us examine its evolution.

28 May 2015
Redefining Priority Sector Lending

In December 1967, the then Finance Minister Morarji Desai introduced a new term for bankers, the "Priority Sector" and this term has come to stay in the Indian banking terminology since then.

Cloud, Aadhaar, Mobile (CAM)

In 1985, perhaps the best year in his term, Prime Minister Rajiv Gandhi made a startling statement. Addressing young bureaucrats, he said only about 15 per cent of every rupee, that is 15 paise of every single rupee, spent for the poor actually reached the poor and the rest disappeared in a mysterious swamp somewhere in-between. He said, he reached this conclusion based on historical and existing evaluations and estimates given to him by officials in the field. His assertion became one of the oft-quoted postulations in India's governance debate ever since.

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