The underlying assumption of the proposed Land Acquisition Bill seems that the price paid to farmers is unreasonably low due to dominant power of industrial buyers, requiring government intervention. The draft, however, may neither accelerate the pace of land acquisition for industry nor overcome the psychological barriers of landowners that impede land transfers. First, the psychological barriers that limit supply. One of the main reasons for the farmers’ (and land dependents’)...

-The Hindu   Loans disbursed to State Governments by the National Bank for Agriculture and Rural Development (NABARD) for creating rural infrastructure has crossed the Rs.1 lakh crore mark. Of that Rs.6,523 crore has been disbursed in Tamil Nadu. This is the fourth among the States that have availed of substantial financial support from NABARD. The other three are Andhra Pradesh (Rs.9,711 cr.), Uttar Pradesh (Rs.7984 cr.), Gujarat (Rs.7,324 cr.), According to a NABARD...

Is the Congress afraid of winning in Gujarat?  Nothing else explains why it lets Narendra Modi tom-tom development when it should have been the Congress banging the drums. The economic achievements of governments before Modi's read like an award citation, but too much secularism has since led the Congress astray. Instead of showcasing its past performance to regain Gujarat, it is obsessed with nailing Modi as a communalist-in-chief. Naturally, it is...

The Union government’s plan to recapitalize 40 of the 82 regional rural banks (RRBs) is at risk as some of the state governments are either delaying or refusing to pay their share of money. Due to this, the government has only been able to recapitalize around 12 RRBs, with the stakeholders collectively infusing Rs. 300 crore. The cabinet had approved the Rs. 2,200 crore recapitalization plan of 40 RRBs in February,...

Of late, there has been a debate on whether public programmes such as school education, scholarships, health-care delivery and access to microcredit can be targeted at beneficiaries based on religion; some consider this ‘unconstitutional' and argue that it amounts to discrimination. I highlight the constitutional provisions and argue that there is nothing in the Constitution which bars identification of beneficiaries based on religion. Religious identity is listed on a par...