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Don’t ink this NIB

-The Hindu The Finance Ministry proposal to create a National Investment Board with extraordinary authority to supersede individual ministries and decide the fate of expensive infrastructure projects is a retrograde measure that strikes at the root of democratic governance. The basic tenets of all law-making include public participation, equity and justice, more so when it comes to the environment and welfare. India’s laws on protection of the environment, forests, wildlife and...

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Jayanthi assails investment super committee proposal -Shalini Singh

-The Hindu Proposed NIB would be illegal, she says Minister of State for Environment and Forests Jayanthi Natarajan has expressed “very serious concern” at the setting up of a National Investment Board to fast-track clearances of major infrastructure projects, saying the “concept is unacceptable,” documents exclusively obtained by The Hindu reveal. In a five-page letter sent to Prime Minister Manmohan Singh on October 9, Ms. Natarajan said the proposal would upturn established procedures...

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Rail Tariff Authority to take call on fare hike -K Balchand

-The Hindu Union Railway Minister C.P. Joshi has announced the decision to constitute a Rail Tariff Authority, based on which the next hike in passenger fares and freight rates will be effected. The Tariff Authority is an attempt at insulating the Railways from various hikes being effected by the government, including on fuel price, which officials regard as having made the operation of the Railways in the current situation unviable. Addressing the Economic...

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Proposed land bill runs into Antony wall -Subodh Ghildiyal

-The Times of India Top Congress leader and defence minister A K Antony said government should not acquire land for private entities since it is a big trigger for agitations, reverting the debate over land acquisition bill to the strict norms that were sought to be diluted on the pretext of industrialization.  Antony told the Sharad Pawar-led group of ministers debating the proposed bill that land had become a scarce resource and...

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Politics aside, is Gujarat a great growth story?-Bibek Debroy

-The Economic Times A new book by Bibek Debroy on Gujarat looks at how this much-talked about state has performed in economic terms. The author argues history, luck and administrative clarity have been the determining factors. There has been a discernible pickup in Gujarat's growth performance since the 10th Plan (2002-07), the five-year Plans being natural periods for breaking up the timeline. It's tempting to argue that there is nothing exceptional in...

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