Poverty remains one of the most pressing challenges facing the country today. But why are the people poor? Why are able-bodied working age group people poor? Old people, disabled people, that's different.
Skoch Group has instituted Vijay Kelkar Award in honour of noted economist and Chairman of 13th Finance Commission Vijay L Kelkar. The first award was conferred on Shankar Acharya, eminent economist and the longest serving Chief Economic Adviser to the Government of India, for excellence in public finance.
The government subsidies must be directed at providing "permanent solution" to the country's most pressing problem of poverty by creating productive assets, Union Minister of Minority Affairs Najma Heptulla said at the Skoch Summit here.
The government has accepted the recommendations of the 14th Finance Commission that seeks to enhance transfer of money to the states from the central taxes by an unprecedented 10 per cent.
Under the new arrangement 42 per cent money from the 'divisible pool' will be transferred to the states. This is 10 percentage point increase when compared with the previous 32 per cent.
Welfare measures are not freebie. Hence, the policy culture must keep an effective balance between passion and compassion, to make the impact of underlying much more robust than in the sloganeering confine of 'greater common goods'.
Narendra Modi government has replaced 65-year old Planning Commission (Yojana Aayog) with a new institution named NITI Aayog. NITI stands for National Institution for Transforming India. To bring in a lasting transformation, radical change in the process of planning and implementation of developmental work is required. Plans should be formulated at local bodies and village level on felt-need based approach.