Their ongoing negotiations remain shrouded in secrecy, but there are already reports that India and the European Union (EU) will have a free-trade agreement ready by the end of August, and that they will be putting signatures to it before the end of 2010. Yet it is a potential development that is causing more nervous chatter than joyous jitters here in India, where drug manufacturers in particular have raised concerns over...
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Sonia’s root concerns stay in new Seeds Bill by Ravish Tiwari and DK Singh
About five years after Sonia Gandhi raised a red flag on the Seeds Bill, 2004, on the grounds of “a growing perception” that it was “anti-farmer”, the Agriculture Ministry is preparing to introduce an amended version in the current session of Parliament. However, the Seeds Bill, 2010, reportedly also falls short of Congress’ expectations, and it has joined the Left and farmers’ organisations in demanding more changes in it. Leading the opposition...
More »Debt-hit Vidarbha farmers stare at land loss
SCORES of farmers mired in debt in the arid cotton belt of Vidarbha in Maharashtra are close to losing their Property rights, as the state-controlled Land Development Bank has kick-started the process to recover dues from them. A top revenue ministry official said the process to recover loans by selling off land belonging to those farmers who have defaulted is “definitely on” and could start as early as July 23....
More »Hernando de Soto interviewed by Shekhar Gupta on NDTV’s Walk the Talk
Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...
More »UPA to try 'de Soto model' for slum development by Saubhadro Chatterji
The day Kumari Selja assumed charge as the Union minister for housing and urban poverty alleviation in the second United Progressive Alliance government, she got an unusual gift: a set of two books from none other than Prime Minister Manmohan Singh. The books, The Other Path and The Mystery of Capital, were by eminent Peruvian economist Hernando de Soto, hailed as the “poor man’s capitalist”for his work on the informal sector....
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