-Tehelka Bureau Though well-meaning, the new Land Acquisition Act is far from being a perfect legislation. But the urgency to amend a law even before a real field test signals a larger agenda. By all counts, this was expected. Long before he became the BJP and subsequently the nation's chosen one, Narendra Modi had made it clear that his model of development gains from the ease of doing business. Then, days ahead...
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The good is in the detail -S Gurumurthy
-The Hindu The national discourse is so superficial that it only talks of foreign direct investment, investment allowance, tax sops and the like which are just about a twentieth to a sixth of the national economy. It did not even notice paragraph 102 in the Union budget speech which is about half of India's economy. Commentators see facts hidden in budgets as the "devil's in the detail." This presumes that only...
More »Still smug about the high growth years? -Ashoak Upadhyay
-The Hindu Business Line Drop the euphoria for a moment - a third of India is seriously poor. And urban poverty has risen sharply The latest report on the number of poor Indians shows a third of the population living below the recalibrated poverty lines. C Rangarajan, a former governor of the Reserve Bank of India and former chairman of the Prime Minister's Economic Advisory Council, was asked to look into the matter...
More »Factories Act revamp may signal labour law reforms
-The Times of India NEW DELHI: Just days before the 2014-15 Union Budget, the government on Monday said it plans to amend the archaic Factories Act, 1948 - the first move in more than a decade to revamp labour laws. Most governments have avoided labour reforms for fear of a backlash from the politically powerful labour lobby. Companies have cited obsolete labour laws as a key hurdle for doing business and the...
More »Get over the growth fetish -Ashish Kothari
-The Hindu Business Line Perpetual growth is a piece of nonsense. The focus should be on protecting livelihoods through sustainable means Construct a building, demolish it, reconstruct, break it down again, and go on repeating this meaningless exercise. You will have economic growth, as currently measured. But no net gain in employment during the endless cycle of construction and demolition, no net increase in productive capacity, and no appreciable change in poverty...
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