The NAC lies defanged; the markets leap for joy at Manmohan’s & Co’s charge of a ‘new’ economy How swiftly things change. Just a month ago, the great Indian growth story was being written off. Now, the “new economy”, run by the PM-cum-FM, will sift through the rubble of under-seven per cent growth, find the hidden springs of recovery and throw in some reforms for good measure. A top taxman says...

-The Hindustan Times To maintain a fine balance between allies’ pressure and investors’ sentiments, the UPA government will let states decide their own limits on acquiring land for private projects. In its ambitious Land Acquisition, Rehabilitation and Resettlement Bill, 2011, the Centre has bypassed recommendations of a parliamentary panel and will give states the power to fix their own ceilings. The draft bill prepared by UPA-1 ran into a hurdle over the...

-Down to Earth Seeks changes in hazardous waste rules so that it complies with provisions of the Basel Convention The apex court of India has directed the Centre to ban import of all toxic and hazardous waste into the country in an ongoing case being heard for the past 17 years. The court also asked the government to make changes in the Hazardous Wastes (Management and Handling) Rules of 1989 so that...

-The Indian Express An intriguing paradox of contemporary Indian politics has been insufficiently noted: corporate India finances India’s elections, substantially if not wholly, but it is unable to determine election outcomes. Money matters, but it is not always electorally decisive. The recent Uttar Pradesh elections provide the clearest illustration of this proposition. As is well known, the Congress, BJP and BSP were all better financed than the SP which, especially after the...

-The Economic Times The Centre's efforts to ensure economic empowerment of tribals in forest areas received a fillip with the Maharashtra government's order to BRIng all joint forest management committees under the control of gram sabhas.  The state government resolution transferred all rights of minor forest produce and major timber to the gram sabha-elected joint forest management committees. Despite legal guarantees, many gram sabhas (village assemblies) are unable to have a final...