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Agriculture back in focus as growth estimate gets downgraded by banks like Morgan Stanley, Standard Chartered-Gayatri Nayak

-The Economic Times When the country was growing at more than 8 per cent for about a decade, services and manufacturing were the darlings of policy-makers, investors and talking heads. Agriculture, a segment that employs nearly half the hundred crore population of the country, was hardly mentioned even in passing. This year, thanks to a poor monsoon, suddenly the farmers are the centre of India's growth story, or the lack of...

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Oil PSUs: Decoding the math of loss or under-recovery and what it means-Avinash Celestine

-The Economic Times How right was the government when it stated that the under-recoveries posed a threat to 'our national economy'? Or when the government says that it gave more to the sector in the form of subsidies than it earned as fuel taxes? The government would also like you to believe that the under-recoveries, dependent as they are on the price of crude in the international market, and the exchange...

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State, private property and the Supreme Court -Namita Wahi

-Frontline Reinstatement of the fundamental right to property in the Constitution will on its own do little to protect the interests of poor peasants and traditional communities.  The Indian Constitution adopted in 1950 guaranteed a set of fundamental rights that cannot be abridged by Central or State laws. One of these fundamental rights was the right to property enshrined in Articles 19(1)(f) and 31. Article 19(1)(f) guaranteed to all citizens the right...

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Feel-good bills in offing to make up for harsh steps

-The Hindustan Times In the face of public outrage over a series of unpopular fiscal steps such as hike in diesel prices and cap on LPG, the government plans to come out with two feel-good initiatives — the food security bill and health cover for all. The UPA’s flagship National Food Security Bill would give 67% of the population (nearly 800 million people) a legal right to foodgrains at less than half the...

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Notifying Farming as an Essential Service: An Authoritarian Manoeuvre-SAHRDC

-Economic and Political Weekly  The Government of India is considering a proposal to notify farming as an essential service. This is ostensibly to bring drought relief to farmers suffering from a weak monsoon - a laudable goal indeed. However, if farming is deemed an "essential service", farmers and farm workers could lose many of their political and civic rights because the government can then invoke the Essential Services Maintenance Act to...

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