The new draft National Water Policy (NWP) circulated by the Ministry of Water Resources to water experts suggests that the government is poised to withdraw from its responsibilities of water service delivery, and that multinational corporations and financial institutions might have too big a say in water allocation and policy. At first glance, it appears as if the policy takes a holistic approach to water resources management, with a clear recognition...

-The Indian Express   Pranab Mukherjee should use his waking hours to signal bold reforms Until a few years ago no one really thought that governments could go bust. But the deepening sovereign debt crises of Europe have now persuaded us that governments can go bust if their debt levels cross a certain danger mark. What is that danger mark remains a matter of research by economists around the world. Some studies have concluded...

The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard. There...

The power of judicial review envelopes natural resource distribution The tsunami created by the 2G spectrum judgments of the the Supreme Court last week has almost mopped up the ripples they made in the legal sphere. However, they deserve respectful consideration for their discussion on two hot issues that have been agitating public mind in recent years. The first is the nature and ownership of natural resources, like air waves and spectrum,...

-PTI Allegations of fund leakages notwithstanding, the MGNREGA scheme has improved access to financial services for farmers and holds a great scope for further agricultural and economic growth of the country, a World Economic Forum report said today. Focus on soft infrastructure in the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has led to successes in land rights issues, it said. Launched in 2005, MGNREGA is UPA government's flagship social programme. The...