-The Hindu Business Line   The CAG report details how these have neither helped industrial development nor boosted the economy Nearly a decade after the Special Economic Zones Act was brought into force, it is evident that the move has not helped industrial development. After examining SEZs in terms of background and objectives, fiscal incentives and facilities, approval process and administration, as well as life cycle, State-wise distribution and overall performance, parts of a...

-The Indian Express The Centre plans to fix minimum national monthly wages at around Rs 15,000 for all jobs in both the formal and informal sectors in the country. The National Minimum Wages Act, 1948, lays down minimum wages for 45 listed economic activities, which also serve as minimum wages for these activities in the states. However, states can specify minimum wages for over 1,600 economic activities. Raising floor wages to Rs 15,000...

-The Indian Express Under Opposition fire for promulgating three ordinances less than 24 hours after both houses of Parliament were prorogued, the Centre is planning to take the ordinance route once more to effect crucial changes to the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. Sources in the Prime Minister's Office told The Indian Express that with Assembly elections in Jharkhand and Jammu and Kashmir...

-The Indian Express In an article in these columns (‘A fertile mess', IE, December 11), Ashok Gulati says India has landed its fertiliser industry in a mess because of rising subsidies, lagging investment, unbalanced use of fertilisers and diversion of urea for other uses, among other things. He blames it all on administered pricing and subsidy costs, and advocates the increase of urea prices or cash transfer of the fertiliser subsidy...

The agrarian crisis is far from over. Amidst news of farmers' suicide reported from parts of Telangana, Andhra Pradesh and Maharashtra, an official document released in December by the National Sample Survey Organisation states that nearly 52% of India's agricultural households were indebted during July, 2012 - June, 2013. The average amount of outstanding loan per agricultural household in India was Rs. 47000 (see link below). Based on a survey of...