-The Business Standard MSP for forest produce may not work The government’s proposal to set up a minimum support price (MSP) commission to fix assured prices for minor forest produce has pros as well as cons, which need to be weighed carefully before a final call is taken. The proposal envisages the forest MSP panel as having its own elaborate establishment, allowing it to set minimum prices for non-timber forest produce while...

Desired outcomes can be reached through a series of ‘imperfect’ small initiatives What is to be done? How can we untie the Gordian knot that has so entangled the political economy of petroleum product prices? This is the question that now exercises our most experienced politicians and our ablest economists. Most well informed people know that a country that imports 80 per cent of its oil requirements cannot de-link itself from the...

-The Economic Times For nearly two decades, the Government of India has implemented a stingy pension programme for the elderly poor. "An insult to the dignity" of the elderly is how rural development minister Jairam Ramesh describes the pension amount of Rs 200 per month given under the Indira Gandhi National Old Age Pension Scheme (IGNOAPS). A few states provide a somewhat generous supplemental pension, most provide a tiny supplemental amount, some...

The Conflict of Interest Bill introduced in the Rajya Sabha is a welcome step to control the grey areas in which “public private partnerships” are conducted. AMONG the many things that have proliferated in the economic boom of the brash new India is conflict of interest. So widespread, comprehensive and many-tentacled has this feature become that it is often no longer even recognised to exist, much less to be a...

The World of Work 2012 report presents a bleak picture of the global job situation. FOUR years after the global crisis erupted in 2008, organisations such as the International Labour Organisation (ILO) believe that labour markets still have not fully recovered. The world economy is not expected to grow at a sufficient pace over the next couple of years to overcome the crisis. These organisations present some depressing facts: those...