A commission set up to look into alternative ways of measuring economic and social progress has added to the existing debate but not made any real advances. FOR some time now it has been clear that standard measurements of growth and development are inadequate and possibly even misleading. The problem of looking at only the aggregate gross domestic product (GDP) has been widely noted: its blindness to distributional issues and...
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The vexed issue of land acquisition by Pranab Bardhan
The stalled Land Acquisition Bill should be completely overhauled. In both China and India the issue of land acquisition has become politically very sensitive. In China by official reports more than 66 million farmers have been dislocated in recent years for various commercial development projects. Local officials in cahoots with local business have been rather cavalier in this matter, and this has inflamed passions in the countryside. In India the...
More »Milk dairies oppose import of skimmed powder, butter oil by Manas Dasgupta
To help farmers reeling under drought conditions AHMEDABAD: Cooperative milk dairies in Gujarat have submitted a joint memorandum to Prime Minister Manmohan Singh, requesting him to take immediate steps to discourage import of skimmed milk powder and butter oil and prevent export of ingredients used for manufacturing cattle feed. Among measures they have suggested to achieve the same, are restoration of customs duty on import of milk powder to the...
More »Missed policy opportunity by Jayati Ghosh
Did we just miss a major opportunity? For short while, it seemed that the global financial crisis would focus minds on what is wrong with the current economic growth model and how we can go about changing it. Unfortunately, that moment seems to have passed, at least until the next crisis comes along (which, in current trends, will not be long, since all the major forces that led to the...
More »Poor count
To help the poor, there must be one agreed way of identifying them first. If perceptions differ regarding who is poor and, thus, how many poor people there are, it will be difficult to select the right institutional measures and the amount of money to be spent on poverty eradication programmes. The differences between the findings of the N.C. Saxena report and and the Planning Commission’s assessment of the below-the-poverty-line...
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