Archaic labour laws are not affecting India's manufacturing sector as much as problems related to land, water, licences and clearances, a government panel's study shows. With the findings of the Planning Commission study, changing rigid labour laws, so far suspected to be the main hurdle before the manufacturing sector, is likely to drop on the government's list of priorities. The sector contributes 15% to India's GDP. "Against popular perception, we...
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Who's Afraid Of Price Rise by Deepak Nayyar
Inflation is in the news. Double-digit inflation persists, concentrated in prices of food and necessities. The retail prices of pulses are in the range of Rs 80-100 per kg. Seasonal vegetables retail at Rs 30-40 per kg. Yet, our pink newspapers believe there is little reason for concern. There is a boom in purchases of consumer durables. The middle class is prospering. The poor are better-off with the NREGA. And...
More »Can we achieve 4% farm growth? by T Nanda Kumar
The prime minister, in his Independence Day address said: “I am happy that the growth rate of our agriculture has increased substantially in the last few years. But we are still far from achieving our goal. We need to work harder so that we can increase the agricultural growth rate to 4% per annum” . Is it possible? If so how? The production shortage of wheat in India in 2006...
More »Fault Lines in the 2010 Seeds Bill by S Bala Ravi
The 2010 Seeds Bill that has been introduced in Parliament does address some of the major concerns in the aborted 2004 version, but strangely a number of important correctives – on regulation, consistency and punishment – that had been incorporated in the 2008 version (which lapsed in 2009) have now been modified or dropped altogether. What forces are pushing the government to act against the interests of India’s farmers? The third...
More »Worse, but also better
When the Reddy brothers, accused of illegal mining, demonstrate their grip over a state government, most people will rightly bemoan the role that corruption plays in public life. However, vital as it is to tackle the issue, it is also important to view it in perspective. Most people would not have realised, for instance, that India has been improving on at least one corruption score. Transparency International, the Berlin-based body,...
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