Kolkata : Mamata Banerjee’s announcement banning the acquisition of land by any government department or agency for industry has grounded over a dozen key industrial parks across the state. These projects, in various stages of progress — and in which land acquisition was on — account for a committed investment of Rs 50,000 crore. The announcement — underlined by the state Industries and Finance Ministers — has stunned industry and so...
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Who will watch the watchmen? by Minhaz Merchant
The audited balance sheets of the six largest political parties in India are hard to get and harder to decipher: they hide more than they reveal but are nonetheless worth close examination. Between them, the Congress, BJP, BSP, SP, NCP and CPM reported total income of Rs 1,046.76 crore for the year ending March 31, 2009. That was the year in which most of the funds for the 2009 Lok...
More »Ramesh gears up to make land bill, poverty count highly political by Prabha Jagannathan
-The Economic Times NEW DELHI: Signalling clearly that the rural develpment ministry, virtually somnolent under minister Vilasrao Deshmukh, was set to go ballistic politically, minister Jairam Ramesh who took charge here on Wednesday spelt out deadlines for the three most important issues including the land acquisition bill, poverty count and stringent monitoring of UPA II's flagship programme the MGNREGA. Jairam, who earned a lot of attention in his earlier charge,...
More »Global food inflation to return after brief respite
-Reuters Red-hot food inflation that has vexed policy makers around the world seemed to take a breather last month, when corn and wheat prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already made up half of June's losses. The sell-off masked an unnerving reality: The world remains...
More »Naxal fight takes development route
-The Times of India Maoist-affected districts across the country might have seen years of neglect by successive governments, but a new Central scheme - Integrated Action Plan (IAP) - under the UPA-II is fast filling up the 'critical gap' in those 'deficit zones' through taking up a number of development projects. As many as 67,072 basic Infrastructure projects across 60 districts in nine states have been taken up at Rs 2,740...
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