Chief economic advisor to the finance ministry Kaushik Basu says the government should step in and acquire land for development projects to protect the interests of farmers. He also explains why the government cannot tackle food inflation by distributing free foodgrain among the poor. Excerpts from interview with ET: A large number of land-intensive project have run into opposition. Could it actually undermine our infrastructure thrust and growth? There is...

KEY TRENDS   • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...

Sunday will mark the fifth anniversary of the landmark National Rural Employment Guarantee Act (later rechristened the Mahatma Gandhi National Rural Employment Guarantee Act, or MGNREGA). At a time when the country is debating the contours of similar landmark legislation for food security (the National Food Security Act), it is time to evaluate the working of MGNREGA, initially implemented in 200 of the country’s poorest districts and expanded to all...

Sunday will mark the fifth anniversary of the landmark National Rural Employment Guarantee Act (later rechristened the Mahatma Gandhi National Rural Employment Guarantee Act, or MGNREGA). At a time when the country is debating the contours of similar landmark legislation for food security (the National Food Security Act), it is time to evaluate the working of MGNREGA, initially implemented in 200 of the country’s poorest districts and expanded to all...

Major foodgrains producing states have been the worst hit by rising prices, thanks to the Centre’s decision to pay more to farmers for their produce. Although inflation, as measured by the consumer price index (CPI), has been in double digits for nearly six months, there are several states where CPI in the rural region has been around 20%. A look at state-wise consumer price index numbers shows that pre-dominantly agri-based...