The
editorial on economics of poverty in The Hindu has very correctly stated that governments
“spend big money on social schemes without the vaguest ideas,” regarding the
achievements of their objectives . The
Indian scenario is that, a lion share of
that big money is pocketed by people in charge of implementation and doesn’t reach
the targeted sections. If the Indian
governments wants to take guidance from
the findings of the Nobel laureates in the filed of Development Economics, particularly
for the removal of poverty, it has to undertake two responsibilities viz., stopping the leakages in the allotment of funds for
social schemes by acting like a watch dog and then , study the achievements of objectives of the schemes through efficient filed
studies.
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