Society & Culture

Discussions of wealth inequality are now in vogue following the global financial crash of 2007 and Thomas Piketty’s best-selling Capital. This is a welcome departure from the exclusive focus on poverty using calculations based on consumption surveys. Wealth is crucial for consumption smoothing and acts as a buffer to draw upon during times of distress. In many ways, wealth is more aligned with the concept of wellbeing than income or consumption. Wealth is also recognized for its role in creating opportunities for future generations.

A toxic mix of hypocrisy, amnesia, opportunism, ignorance, and paternalism has led to a mess on land acquisition legislation. The BJP is finding it difficult to gather enough support to pass its amendment to the Congress-made law and has begun sending mixed signals—maybe they will hold a joint session of parliament to hash this out; maybe they will reissue the ordinance that it tried to turn into an amendment; maybe the states can pick and choose, maybe they don’t have to adhere to the parts of the amended law they don’t like.

On May 26, 2014, Narendra Modi invited the heads of all the South Asian Association for Regional Cooperation (SAARC) member countries to his swearing-in ceremony. While this important gesture could have marked a new beginning for regional cooperation, such cooperation in South Asia still takes place mainly in the bilateral sphere. Since 1985, India has been a key founding member of four regional initiatives, none of which have achieved any tangible results.

Is NREGS suffering a mid life crisis or are we staring at its death? From a budget of INR 401 Billion in 2010-11, it has plummeted to INR 330 Billion in 2013-2014. Given the much higher wages currently offered to workers, it has taken a serious hit. The position taken by government officials (and many economists) is that there is a general lack of interest in NREGS. The rise in agricultural real wages over the period 2004-05 to 2011-12, coupled with a general dismay regarding quality of assets produced and evidence of corruption, has led to a call for a scaling down of NREGS.