Long promised by the UPA government, the food security bill will be tabled in parliament in December this year. However, the National Advisory Council (NAC), which drafted the proposal, is tussling with the government over the “dilution and misdirection” of the Bill. The final Bill diverges from the original NAC draft on key issues: adoption of alternatives to the PDS such as cash transfers, the risk of inflation due to...

Under pressure from big business to end the political stalemate, India’s self-proclaimed anti-corruption campaigner Anna Hazare yesterday broke his 12-day fast at the Ramlila Maiden, a public ground in New Delhi. On Saturday, the Indian parliament passed an “in principle” resolution agreeing to include three of Hazare’s demands in proposed Lokpal or ombudsman legislation. Though tensions have eased, nothing has been settled. Hazare, who headed large anti-corruption protests, has backed away...

While his means maybe Gandhian, his demands are certainly not. If what we're watching on TV is indeed a revolution, then it has to be one of the more embarrassing and unintelligible ones of recent times. For now, whatever questions you may have about the Jan Lokpal Bill, here are the answers you're likely to get: tick the box — (a) Vande Mataram (b) Bharat Mata ki Jai (c) India is...

The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...

One started reading the new Draft National Land Acquisition and Resettlement and Rehabilitation Bill 2011 with expectations of a great improvement over the 2007 Bills. There are indeed some very good features in the new Bill but, on the whole, one must regretfully report disappointment. Let us see how the Bill deals with some of the key issues involved. (i) Acquisition of agricultural land: The Bill rules out the acquisition, not...