Experts agree that the economic and environmental costs of interlinking India's rivers far outweigh its projected benefits. Some people believe it is the one-stop solution to prevent floods and droughts, reduce water scarcity, raise irrigation potential and increase foodgrain production in the country. But others say it is just another grandiose scheme involving huge costs and leading to long-term ecological consequences. The contentious idea of interlinking India's rivers has come...

Ramaswamy R. Iyer, former Secretary, Union Ministry of Water Resources, has been a consistent critic of the idea of interlinking rivers (ILR). In this interview, he shares his concerns about the Supreme Court's judgment directing the government to implement the project, and explains why it is deeply flawed. Excerpts In your article in “The Hindu”, you have claimed that the government's stand on the project is ambiguous. The amicus curiae has,...

-The Telegraph The Mamata Banerjee government today took “baby steps” in easing its seemingly inflexible stand on land. It has allowed more industries to hold land in excess of the ceiling with prior approval. Also, in the clause that allows government-owned companies to lease out land for townships, prior approval is not mentioned. The amendments to the land and land reforms act do not hold any big surprises but by passing them today,...

Under fire over data integrity issues, the government has tasked a panel to revise the wholesale price index (WPI) with the mandate to "enhance the reliability" of official statistics on all inflation measures.  The 31-member panel, to be headed by Planning Commission member Saumitra Chaudhuri, has also been asked to explore the possibility of getting a single agency to collect data for compiling WPI and industrial production that are hitherto dealt...

One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...