New tensions are emerging between the government and its think tank, with the food ministry making major changes to a National Advisory Council (NAC) draft of a new law slated to become the blockbuster social-security scheme of the United Progressive Alliance (UPA) government’s troubled second tenure. Key provisions of the national food security Bill, 2011, due to be introduced in Parliament’s next session starting 2 August, and estimated to cost the...
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Ramesh plans bank for women SHGs by Ruhi Tewari
To promote self-employment among people living below poverty line (BPL), particularly women, the rural development ministry proposes to set up a dedicated national bank for women self-help groups (SHGs) and also lower the interest rate on the credit they receive from any nationalized bank. Rural development minister Jairam Ramesh on Monday said he will soon take up both these proposals with the finance ministry. “We have proposed a detailed paper for a...
More »Singur Is Still The Waste Land- by Ashish K Mishra, Archisman Dinda
On the night of June 21, around 10 p.m., the police of West Bengal’s Hooghly district descended on Tata Motors’ half-built Singur plant and threw out the private guards there. In about half an hour, the new government in West Bengal, under the leadership of Mamata Banerjee, took over the 997 acres that had proved to be the Waterloo of the Communist Party of India-Marxist (CPI-M) and its allies. Earlier,...
More »Challenging the poverty dimension of inflation by Madan Sabnavis
A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...
More »Posco in south by Ravi Sharma
THERE is money on offer, but the farmers of Halligudi, a hamlet of 5,500 people in Karnataka's Gadag district, are hardly happy at the prospect of 3,382 acres (one acre is 0.4 hectare) of farmland being acquired for a Rs.32,336-crore steel plant south of National Highway 63, which runs between Karwar and Bellary. The plant is to be set up by the Indian subsidiary of the South Korean steel major Posco...
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