-The Hindu Amitabh Kant attributes downshift to spate of measures including GST, RERA and IBC New Delhi: A spate of reforms undertaken by the government has led to the current slowdown in the country, Amitabh Kant, the CEO of policy think-tank NITI Aayog, said on Friday. This came as a note of caution from the senior official as he was advocating a series of policy decisions to revive the economy. Greater liquidity “Firstly, you...
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Why has coal mining been opened up?
-The Hindu The approved methodology for auction of coal mines / blocks for sale will prioritise on transparency and ease of doing business. The Centre opened up Commercial Coal Mining for the private sector on February 20. About 70% of power generated in India uses coal. Domestic coal has been able to meet only 75% of our annual coal demand. * What is the significance of the move? The government has termed it the...
More »Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)
-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
More »Land Bill: Govt capitulates on social impact, consent clauses
-Business Standard Ruling party MPs suggest changes to six of the nine amendments proposed by govt to the 2013 Act The government is set to relent on the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015. On Monday, the Bharatiya Janata Party (BJP) members of a parliamentary joint committee on the Bill suggested amendments that effectively bring back the social impact assessment and consent clauses,...
More »Hocking the family jewels for a song -Claude Alvares and Rahul Basu
-Hindustan Times The issue of recovering the full extent of the value of our natural resources from parties to whom they are being assigned has reverberated throughout the economy ever since the Supreme Court delivered its judgements in the 2G scam (dealing with the State's earnings from selling spectrum) and on coal block allocations. In both instances, past practice and legal provisions had unwittingly handed these resources to parties at a pittance. Under...
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