Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...
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Labour shortage in the fields drives farmers to tractors by Shally Seth
Pawan Goenka noticed something unusual last year—tractor sales were climbing even though India had its worst monsoon in more than three decades and farm output dropped 2.8% in the three months to December last fiscal. The umbilical cord that tied rainfall patterns and tractor sales seemed to have been ruptured. The president of auto and tractor maker Mahindra and Mahindra Ltd offers an interesting explanation to this puzzle: growing labour shortages...
More »Food Security Bill panel's report to be awaited by Gargi Parsai
Accelerating the process of framing a National Food Security Bill, Prime Minister Manmohan Singh on Tuesday convened a high-level meeting with his senior Cabinet colleagues to discuss aspects of the Bill and the recommendations made by the National Advisory Council (NAC).At the centre of the discussions was a letter written by NAC chairperson Sonia Gandhi to the Prime Minister on merging the Rural Development Ministry's exercise for identification of the...
More »Haryana extends job guarantee scheme to farmers
he Haryana government has decided to extend the benefit of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to small and marginal farmers in the state, an official said Tuesday.Small and marginal farmers will now be allowed to be engaged for labour work in the state for various development schemes in their respective areas, said Atmaram Godhara, deputy director in the agriculture department.'Besides providing free work like land levelling,...
More »Land disputes hitting Indian infrastructure schemes
Protests against a proposed Indian nuclear power plant this weekend highlight a growing problem facing developers, experts say, as the country tries to upgrade or build much-needed infrastructure.Thousands of fishermen, farmers and their families in Jaitapur in western Maharashtra state turned out in force on Saturday to denounce the loss of homes and agricultural land, as well as voice fears about radiation and pollution.The long-running protest has already seen a...
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