The Prime Minister's focus on double-digit growth is not due to any ‘growth mania'. It is for the benefit of the poor. At a recent function for police officers, the Prime Minister observed: “If we don't control Naxalism, we have to say goodbye to our country's ambition to sustain a growth rate of 10 to 11 per cent per annum.” Some commentators (like Prof Prabhat Patnaik of JNU) interpret this (in a...

Why are the erstwhile RTI campaigners so alarmed five years after it became law? Why so many dharnas, rallies, conventions and hunger-strikes all over again? Part of the reason is that the silent revolution that the RTI has spawned needs to be defended from surreptitious alterations and manipulations, and partly because the RTI activists are being threatened, harassed and assaulted by the corrupt and the powerful, often with the connivance...

Global business abhors uncertainty. The ministerial-level corruption in UPA-II has slowed FDI and FII inflows. The stock market, despite double-digit corporate profit and 8.6% GDP growth, reflects the anxiety of Indian and foreign investors. To take India's growth story forward in the 20th year of economic reforms, political reforms must catch up. Misgovernance won't do in a globalised, interconnected world. Two kinds of political corruption blight India: episodical and ongoing. Episodical...

It is time for the National Advisory Council (NAC) to introspect whether its pious thoughts on food security square up to an economic reality check. There are three likely scenarios: (1) universal coverage at 35 kg/per month per family; (2) universal coverage with 25 kg per family per month; and (3) partial coverage (say, to 11 crore families) with 35 kg per family per month. In each case, the implications...

Giving a new dimension to poor farmers whose land is acquired for public purpose, the Supreme Court has held that right to possess a land being a right to property cannot be taken away without conducting an enquiry under the Land Acquisition Act (LAA). Giving this ruling a Bench of Justice G.S. Singhvi and Justice A.K. Ganguly said: “Admittedly the LAA, a pre-Constitutional legislation of colonial vintage is a drastic law,...