A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...
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Mission Impossible by V Venkatesan
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...
More »Full steam ahead by TS Subramanian
The agitation against the Kudankulam nuclear power plant can be seen as a case of activism gone berserk. The high-octane drama against the Kudankulam Nuclear Power Project (KKNPP) in Tamil Nadu has wound down. The seven-month-long agitation led by the People's Movement Against Nuclear Energy (PMANE) at Idinthakarai village in Tirunelveli district, demanding the closure of the ready-to-be commissioned project, ended on March 27 when S.P. Udayakumar, PMANE convener, called off...
More »Information Commission to consider demands of RTI activists
-The Hindu The State Information Commission agreed to consider some of the demands of the RTI Kerala Federation and other organisations that staged a dharna before the commission here on Tuesday. In talks with leaders of the organisations, Chief Information Commissioner Siby Mathews said the commission would consider their representation against delegation of its powers regarding disposal of petitions to officials. The commission had been returning complaints recently, on grounds that first appeals...
More »Dr Abhijit Sen, Member-Planning Commission of India, interviewed by Ajay Vir Jakhar and Paranjoy Guha Thakurta
Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...
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