-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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India’s unfinished agricultural and rural revolution -Uma Lele
-The Financial Express The BJP's resounding Lok Sabha victory after years of policy paralysis raised a widely-shared hope that the government, led by PM Narendra Modi, will put India back on track by resuming inclusive growth. And that agriculture and rural development would be at the centre of the agenda. Half the employment still comes from agriculture, though it contributes just 14% to the GDP. India contains the largest number of...
More »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 »Climate change costs
-Business Standard Unpredictable weather may impact 30 per cent of the harvest India has been hit by unusual weather. Much of the country has endured unseasonal rain, even hailstorms. In the process, nearly 30 per cent of the rabi planting seems to have been spoiled, with adverse implications for food availability and inflation, as well as farmer distress. The first half of March has been unusually cool, besides being the wettest for...
More »Overhaul brakes on insurance scheme for poor -M Saraswathy
-Business Standard Sector players await government's decision on future of Rashtriya Swasthya Bima Yojana The government-sponsored Rashtriya Swasthya Bima Yojana (RSBY) is set to undergo a overhaul with a proposal to have only public general insurers manage the scheme through a trust-like structure. Sources said the bids that would have been considered for new contracts have been left unopened as the stakeholders are awaiting the government's decision on its future progress. A senior public...
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