-The Indian Express FDI in retail will bring competition to non-tradable services, and make Indian firms globally competitive India removed barriers to trade in goods in the 1990s. Removing protection brought global competition and raised productivity. But introducing global competition in services is harder. In certain services that are tradable, like legal or financial services, the removal of trade barriers can introduce competition and increase productivity. But these often involve complicated and...
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477 convicts in jails awaiting hanging, govt tells Rajya Sabha
-The Times of India As many as 477 convicts awarded death sentence are awaiting hanging in various jails across the country, the government told the Rajya Sabha on Wednesday. Maharashtra, which last month hanged LeT terrorist Ajmal Kasab in a secret operation after President Pranab Mukherjee rejected his mercy petition, has 50 convicts in its jails awaiting hanging, putting it third on the list of states with maximum number of convicts awaiting...
More »Putting Growth In Its Place by Jean Dreze and Amartya Sen
We are providing below the revised version of the above mentioned article (in pdf), which was originally published in Outlook, 14 November, 2011 Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority – but a large enough group - of Indians who are doing very well...
More »Cabinet Clears Controversial Land Acquisition BIll
-Outlook The controversial Land Acquisition Bill was today cleared by the Union Cabinet, making mandatory the consent of 80 per cent of people whose land is taken for private projects. In the case of Public-Private Partnership projects, the bill makes mandatory obtaining of consent of 70 per cent of the people whose land will be for acquired. The bill was given the go-ahead at the Cabinet presided by Prime Minister Manmonan Singh. The bill...
More »2G: No Assessment by Govt on Presumptive Loss
-Outlook The government has not made any assessment on presumptive losses following the CAG report on the 2G spectrum issue, Parliament was informed today. "No assessment of the value of presumptive loss caused to the nation after the publication of CAG report in 2G spectrum matter has been made by the Government of India," Minister of State for Finance Namo Narain Meena said in a written reply in the Rajya Sabha. To a...
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