-DNA Mahatma Gandhi National Rural Employment Guarantee Act, popularly knowns as NREGA, is the most romantic and largest development project in human history. It is extremely popular and invited widespread hatred. It embodies remarkable scope for alienated people and effortless corruption for powerful people at the lower level. The amount spent on it over the last nine years is about Rs3.50 lakh crore. The average number of jobs generated per year...
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How to reap a good harvest -Ajay Jakhar
-The Indian Express I recently witnessed protests in Berlin, against industrialised farming and the planned free-trade agreement between the European Union and the United States, under the banner "We Are Fed Up". Trade issues resonate across Europe, but in India, farmers are oblivious to the inevitable consequences of trade agreements. However, the government seems keen to address issues related to farmers. Yet, success on the farm front can be delusional if...
More »Budget 2015: The need for an overhaul in Indian agriculture sector -Ajeet Kumar
-Zee News Agriculture is consistently losing its importance in India's economic growth. The agriculture sector contributes to just 15 percent of India's Gross Domestic Product (GDP), but over 50 percent of the population is still dependent on it. The farm sector, including forestry and fishing, grew by 3.2 percent in the quarter ending September, as compared o 3.8 percent in previous quarter and 4.7 percent in 2013-14. For the entire financial...
More »The twist in the growth story -C Rangarajan
-The Hindu Reforms must be part of a continuing agenda. The basic principle guiding reforms must be to create a competitive environment with a stress on efficiency. In many ways the coming decade will be crucial for India as growth is the answer to many of its socio-economic problems The data on national income released recently give a new twist to India's growth story. The most significant change is with respect to...
More »Dispossession, development and democracy -Michael Levien
-The Hindu While liberalisation's backers are not squeamish in admitting that democracy is an impediment to the free market economic model, farmers who are dispossessed of land argue that they are undercompensated and that the profit of private companies is not a public purpose Since it was passed by Parliament in September 2013, the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act (LARR) has been criticised from...
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