An amendment to the Land Acquisition Act is being formulated to ensure minimum displacement of people and assess compensation on a scientific basis, Finance Secretary Ashok Chawla said on Monday. Speaking at a one-day Infrastructure Financing Conference jointly organised by the High Commission of India and the City of London at Mansion House here, the Finance Secretary said, "The Land Acquisition (Amendment) Bill, 2010, is under preparation, based on the principles...

Indicating the official auditor CAG be permitted to look into the books of public-private partnership (PPP) projects, Prime Minister Manmohan Singh today underscored the need to ensure transparency in these infrastructure schemes. "CAG will play a leading role in ensuring that these new initiatives (PPP) deliver as intended," the Prime Minister said at a function to mark the 150 years of Comptroller and Auditor General of India. "There is a need to...

A high-level working group of the Government of India has approved the idea of outbound foreign direct investment by Indians in the production of pulses and oilseeds aimed at meeting domestic demand. This is not a new idea. Since arable land in India is fast shrinking and efforts to lift the output of pulses and oilseeds, besides some other essential commodities, are not bearing fruit, investing in land elsewhere for...

The country’s attention may be focused on an ever-increasing energy needs, but water is a much bigger issue, says a key policymaker in the government. “Water crisis is a more serious issue than energy crisis,” said Montek Singh Ahluwalia , deputy chairman of Planning commission, at the World Economic Forum on Sunday. Speaking at a session on ‘How will India avert a Water Crisis?’ Mr Ahluwalia said that that the government...

The NAC proposals for the food security bill are narrow and lack in vision. What is needed is a comprehensive bill with universalisation of PDS and a focus on child malnutrition.   There was much excitement when food security became one of the issues in the manifestos of most major political parties in the run up to the 2009 General Elections. With burgeoning food stocks, double-digit food inflation, stagnant malnutrition rates, declining...