-The Indian Express The government's attempt to amend the UPA's land acquisition law is facing stiff resistance in Parliament and outside. The Land Acquisition, Rehabilitation and Resettlement (LARR) Act, 2013, combined three different approaches to resolve conflict over land. One is to let money speak. It increased compensation amounts significantly. The second is to let farmers speak. Projects involving private companies had to earn the consent of 80 per cent of...
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Land acquisition: First, sow the seeds of security among farmers -Abhijit Banerjee
-Hindustan Times Many years ago, Jagdish Bhagwati, a very distinguished economist long before he became one of the patron saints of the NDA, published an important paper on what he called Directly Unproductive Activities or DUP. These bore a close relation to what his friend and well-known South Asia scholar, Anne Krueger, had called rent-seeking activities in some slightly earlier work. Both made the important point that the social cost of...
More »Corporate Capitalism in the Name of Social Security -KP Kannan
-Economic and Political Weekly The many schemes that have been announced in the name of social security are limited in scope and the quantum of security they prefer. The promotional schemes will also be linked to the market and will benefit the insurance companies. In the meanwhile, basic social security programmes are either ignored or provided limited funding K P Kannan (kannankp123@gmail.com) is Visiting Professor at the Institute for Human Development, New...
More »Inflation down, but pinch is back as two indices tell different tales -Zia Haq
-Hindustan Times Sharmilla Dar, a government schoolteacher in east Delhi, is irritated about a sudden surge in vegetable prices in the last week after they had cooled considerably since a year ago. "Why can't the government keep things affordable?" she asks. For middle-class consumers, food inflation worries are creeping back in. The farm sector is hurting badly after a full year of unprecedented weather havocs - from a partial drought last summer...
More »How not to treat agriculture -Jayati Ghosh
-Frontline If Budget 2015 is any indication, the Modi government is going beyond what could be called benign neglect of agriculture to policy moves that are likely to harm its viability. IT is scarcely surprising that farmers are upset with the Narendra Modi government. Indeed, the rosy dreams created by that famous campaign advertisement of the Bharatiya Janata Party (BJP), when farmers spoke of the high crop prices and better cultivation conditions...
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