In theory various rules govern the use of AIBP funds to execute projects. In practice, as the CAG reminds us, money is liberally diverted, and the States and the Centre both look away. Himanshu Upadhyaya reports.

With its recent move to let banks determine their own rates of interest paid to savings account holders, the Reserve Bank of India opens up new turf in the battle between banks for consumers.

Far from subsidising the public, governments made the aam admi bear a substantial part of their expenditure on the production and sale of fuels, writes Kannan Kasturi.

It is tempting to take a rosy-eyed view of the future of successful entrepreneurship at the BOP. But what is the picture really? Richa Govil takes you through some recent stories and the lessons they may hold.

In his latest book, The Wisdom of Ants: A Short History of Economics, with numerous revealing historical arguments and anecdotes, Shankar Jaganathan traces how economics emerged from being a relatively obscure field to a structured discipline that may be used to explain the basis for every aspect of human life and society, writes Satarupa Bhattacharya.

It is time for the Union Budget 2013. Shankar Jaganathan argues why, in an economy such as India, despite the general public vote against taxes, raising the tax-to-GDP ratio is more critical than restraint in fiscal spending.

Despite privatisation in the power sector, consumer interests are professed to be safeguarded through competitive processes and independent regulatory authorities, but a recent order in favour of Adani Power Ltd. dents such assertions. Shripad Dharmadhikary analyses the implications.

Lack of development and unmet aspirations in India's villages and small towns not only raise the pressures arising from rural-urban migration, but also trigger an overall sociological malaise that is so difficult to dispel. Puja Awasthi reports from Ballia in eastern Uttar Pradesh, a stark example.

In view of the usual thrust on packaged food distributed in the name of relief and rehabilitation in the aftermath of any disaster or human crisis, L S Aravinda warns against the tendency to sell out local food traditions to the industry.

The recent plummet of the Indian rupee has elicited alarmist cries from different quarters, but what does it really augur? Shankar Jaganathan provides a historical perspective on relative currency movements to help analyse its possible implications.

Of the abundant quantities of jackfruit grown in India annually, an estimated 70 per cent rots away, due to lack of awareness and difficulties of usage. Now, a joint initiative by an academic institute and a farmers' group seeks to change that. Shrikrishna D reports.

The recent clash between two eminent economists of our times, Amartya Sen and Jagadish Bhagwati, appears to be centred around the Food Security Bill. Shankar Jaganathan provides a historical context to show why their contradictions extend far beyond any isolated issue to a clash between two schools of the discipline itself.

Winner of the 2013 Economics Nobel, Robert J Shiller adds the latest perspective to a long-standing, heated debate on whether Economics can be called a science at all, and if it merits the prestigious award. Shankar Jaganathan recounts the many points of view on the subject.

It is certainly not because of mere demand-supply mismatch. Kannan Kasturi deconstructs the supply chain dynamics and credit linkages in the vegetable markets to show how these, coupled with government impotence, have led to uncontrolled, spiralling inflation.

The recent verdict of the Gujarat High Court regarding the operation of multipurpose industries on land leased out by the MPSEZ could have critical implications for environmental clearance of SEZs in general. Kanchi Kohli reports.

Non-performing assets in public sector banks have shot up by more than 400 per cent in the last five years, hitting Rs 164000 crore! Shripad Dharmadhikary summarises findings of a research report that unearths the real reasons underlying these bad loans.

Responsible governance, economic security for the maximum numbers and ecological sustainability are the three key challenges facing the country today. Ashish Kothari deconstructs the Congress, BJP and AAP manifestos to see what these parties promise on these fronts.

The recent ‘secret’ report from the IB accusing select NGOs of scuttling Indian development is not only an unjust indictment of these organisations, but also an insult to the intelligence and voice of the common man. Sakuntala Narasimhan elaborates.

Several recent studies bring out the abysmal deprivation from entitlements among India’s vast internal migrant population. Shambhu Ghatak throws light on the problems faced by migrants and explores if the UID can indeed live up to its promise of making mobility a smoother process.

The excitement leading up to the budget was almost feverish, but it turned out to be a staid affair in the end. Here's a round-up of some of the key provisions of Arun Jaitley’s maiden budget, presented in Parliament on 10 July.

For over two decades now, agriculture has suffered overall neglect as successive governments, led by World-Bank prescribed growth models, have issued disproportionate doles to industry. While the present allocations do not spell much hope, Devinder Sharma suggests what the Modi government may still do to reverse the trend.

The redevelopment of port land in Mumbai, dominated by the grandiose proposals of Nitin Gadkari, now rests primarily on the wishes of the Mumbai Port Trust, while it ignores the real needs of the city at large. Darryl D’Monte exposes the contradictions.

Indian cities have neither the funds required to realise their envisaged progress, nor credible systems to ensure effective utilisation of what they have. Srikanth Viswanathan emphasises the need for accountability and more robust financial management by municipal corporations.

In October 2014, a draft consultation paper from the Planning Commission detailed the many issues faced by India’s handloom sector and the failure of earlier schemes to solve the problems faced by weavers. Elizabeth Soumya summarises key points from the report.

The declining participation of labour force in agriculture could have been treated as a natural, inevitable phase in India's transition towards industrialisation, but for the employment trends visible in the industrial sector. Kannan Kasturi’s analysis captures the real cause for worry.

'Four goals, five drivers and 11 thrust areas' formed the framework for Suresh Prabhu’s railway budget, otherwise shorn of big ticket announcements or details about the nitty gritty of execution. Here’s a look at some key announcements in the Budget speech.

Expansion of social security benefits, a focus on infrastructure, easing of fiscal deficit targets and rationalisation of the tax structure - these were some of the most prominent features of Arun Jaitley's budget. A look at some of the provisions.

As has been the historical trend, most of the budget announcements on agriculture this year, too, are geared towards benefitting agribusiness rather than augmenting farm income, writes Devinder Sharma.

What could the taxes, allocations and schemes in Arun Jaitley’s budget ultimately mean for the country and its people? Shankar Jaganathan takes a bird’s eye view of the government’s most anticipated annual document for the year.

Ashish Kothari outlines the vision and processes of Vikalp Sangam, a movement that seeks to bring together a multitude of grassroots initiatives that are exploring alternative, inclusive and sustainable paths to human well-being.

A recent report from the labour ministry reveals that skill-intensive occupations such as plumbing and carpentry pay more in rural India. Shambhu Ghatak looks at the data closely to argue for greater thrust on imparting skills, especially to rural women.

The Skill India Mission aims to provide skills training to around 402 million people by the year 2022. In the first of a two-part series, Shambhu Ghatak upholds estimates of skilled workforce from various reports to highlight the yawning gap that needs to be bridged.

In the second and concluding part of his exposition on India’s skill development efforts, Shambhu Ghatak traces the journey under the UPA and NDA governments, only to find that while the thrust remains the same, the end is far from sight.

Recently Darryl D’Monte interviewed the famous physicist Fritjof Capra at the annual meet of Greenaccord international environmental journalists in Italy. Here he reports on Capra’s separate remarks about the environment, along with quotes from his books and blogs.

Recent research by the Prayas Energy Group shows that notwithstanding a big spike in demand for LEDs in recent years, more steps are needed to phase out incandescent bulbs.

As the share of renewable energy rises, it brings with it new challenges. Going forward, the management of surplus power will be critical, says a new report from the Brookings Institute.

Should we believe the promises politicians make to us this time around? Whatever it is you want the government to do about terrorism, begin by asking who will do it, and how. The India Together editorial on the Mumbai terror attacks.

India claims that Pakistan is stockpiling more nuclear weapons than it needs for minimum deterrence. But this could just turn out to be an excuse for it to do likewise, writes Firdaus Ahmed.

At best the central police and paramilitary can hold an area once it is taken back, but clearing it and handing it over to them can only be done by the Army, writes Firdaus Ahmed.

Of course the military should be prepared for conflict. However, whether to engage in such conflict, and how, is a decision for the civilian leadership, writes Firdaus Ahmed.

Despite two high-level recommendations to repeal the Armed Forces Special Powers Act, the law remains in place. The Army is right to insist on its view, but there are things that can be done to improve matters, writes Firdaus Ahmed.

India and China make competing plans for the river's precious waters, ignoring the functions it already performs - in sustaining rich ecosystems, flora and fauna, cultures and a wide range of livelihoods. Shripad Dharmadhikary reports.

India needs a China policy that cannot stampede it into a premature confrontation with that putative superpower. The military too needs to be brought on board, writes Firdaus Ahmed.

Perceiving itself as outside the policy making tent, the military tends to dig in on its views. The solution is to remove the distinction between the uniform and the safari suits, writes Firdaus Ahmed.

Outsourcing the policy-making function is bad enough, but the government should certainly not have allowed trespass on its domain by the Naresh Chandra Task Force, writes Firdaus Ahmed.

The new IB chief's track record has made it impossible for the government to ignore his claim. But for all that, there is more at stake, writes Firdaus Ahmed.

The gruesome beheading along the Line of Control should alert us that the intensity and the nature of the ongoing conflict with Pakistan is far worse than we are led to believe, writes Firdaus Ahmed.

The assault at the Line of Control appears to be a well-planned ambush. It comes at a time when India and Pakistan are tentatively inching closer. It is a message not only to India but also to the Pakistani civilians keen on better relations with India, writes Firdaus Ahmed.

A recent announcement by the army chief that officers of all ranks of the army will donate a day’s pay to the PM’s relief fund for Kashmir floods has triggered an interesting exchange, throwing light on the broader trends of politicisation within the military. Firdaus Ahmed has more.

For the last 15 years, India has been unable to deal with a fasting, frail poet! Anjuman Ara Begum writes  how Irom Sharmila has been waging a protest against the cruel Armed Forces (Special Powers) Act, 1958, enforced in her home state of Manipur and other parts of northeast India.