During the last 10 days two land acquisition notifications have been set aside. The Punjab and Haryana High Court (HC) has quashed a Haryana government’s 2002 notification for inappropriately releasing land to private developers. Similarly, the Allahabad High Court has repealed a UP government’s notification under which land was acquired for a private project in 2005. Both notifications have been cancelled on account of procedural lapses. However, these rulings highlight...
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Whose inflation is it anyway? by Ruhi Kandhari
Government sat on grain stocks while food prices shot up In july 2008, when inflation rose to a 10-year high of 11 per cent and industry was hit by a range of factors, including economic recession, the Union government responded immediately. There were day-on-day monetary interventions. Since July 2009, inflation, as calculated by the prices poor consumers pay for their daily needs, has hovered around 11 per cent, again a 10-year...
More »Farmer's business
The Union government’s decision to revive a long-forgotten concept of primary producers’ companies (PPCs) ought to be welcomed. Such companies can help small farmers and individual craftsmen come together to derive economies of scale. The idea of farmers’ companies which extend the benefit of being a registered firm while allowing farmers to derive all the benefits of agricultural land ownership, was mooted nearly a decade ago. After much debate, the...
More »Of money, greed and risk-loving CEOs by Jayati Ghosh
This has been quite a decade for global corporate leaders, volatile not only in terms of their actual fortunes, but even more so with respect to the shifting perceptions of society. When the decade began, large corporations and those at their helm were at the peak of their power, flush with riches delivered by the dotcom boom in the US economy as well as the vast opportunities created by easier...
More »To Let / For Sale? by Ruchira Gupta
When a problem is big and tends to profit a powerful group, there’s a time-honoured temptation to sweep it under the rug by assuming it’s natural and inevitable. This was true of slavery until the abolitionist movement of the 19th century, and of colonialism until the contagion of independence movements in the 20th century. Now these same forces are at work in attitudes toward the global and national realities of...
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