Nobel laureate economist Joseph Stiglitz today said he was aware of the problems industry was facing in acquiring land in Bengal and suggested that government role in facilitating acquisition could help reduce the difficulty. “I talked to some people and they said it’s (land acquisition) a problem here,” said Stiglitz, a professor of economics at Columbia University, during an interaction with journalists. The former chief economist at the World Bank expressed his...

Without equality, democracy and social justice, which are three interrelated factors, secularism cannot exist as a positive value in society. I HAVE known Prof. Romila Thapar for about 45 years, most of it as a colleague at the Centre for Historical Studies of Jawaharlal Nehru University, New Delhi. Romila, as she is called by almost everybody – from her eight-year-old grandnephew to all of us present here – had helped to...

India's competition regulator Competition Commission of India has absolved sugar manufacturing associations and their members of cartelisation and price manipulation charges.  Earlier, the competition regulator had sent a notice to sugar mills associations and their members charging them of cartelisation and price manipulation. The suo motu action charged Indian Sugar Mills Association (Isma), National Sugar Mills Co-operative Federation, and some private sugar firms of cartel violation.  However, the sugar associations and companies...

This is the season to count blessings. India's greatest blessings are its adherence to the democratic system of governance, an independent judiciary, a free and fearless media, and an Election Commission that inspires confidence. I hope that soon India will have an independent and effective Lokpal, which will pave the way for a corruption-free India, a pre-requisite for a hunger-free India. The other major paradigm shift observed in recent years is...

-The Times of India   Dalit Venture Capital Fund is the next big idea as the Centre looks to roll out 'procurement quota' in government purchases from small and medium enterprises (SMEs). The Fund would seek to buy equity in Dalit companies to provide capital support as investment. The Centre is mulling creation of a special purpose vehicle or a capital support system to help develop entrepreneurs among scheduled castes and tribes. The...