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Have to Discuss EC Proposal to Ban Opinion Polls: Govt

-Outlook The Election Commission has proposed putting up a ban on opinion polls in media but the issue needs to be discussed and deliberated upon before initiating any legislative measure, Law Minister Ashwani Kumar said today. In written reply to a question in Lok Sabha, he said, "A proposal of the Election Commission for putting ban on opinion polls during election has been received." Since this issue has a direct bearing on the...

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Myths of our making-Pratap Bhanu Mehta

-The Indian Express Too many of our economic prescriptions are based on dogma, empirical half-truths It has become fashionable to say, following the conclusions of Michael Spence’s Growth Commission, that there is no single recipe for growth, only some common ingredients. Such a claim brings a due degree of modesty to what we do or do not know about growth. And at the very least, such a claim has the virtue of...

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Retail FDI: an imagined solution-VK Madhavan

-Live Mint FDI or not, there are problems that plague Indian agriculture and will need to be fixed first  With the parliamentary vote on foreign direct investment (FDI) in multi-brand retail out of the way, the government will proceed with the liberalization of this sector as it thinks it will improve the prospects of agriculture.   Should we be worried about our small neighbourhood stores shutting down? The fears are overblown. Organized large-format retail...

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For a moratorium on death sentence -V Venkatesan

-The Hindu There is a need to identify cases in which the courts might have erred in applying the Bachan Singh principle that limits the imposition of the death penalty The Supreme Court’s five-judge Constitution Bench judgment in Bachan Singh (1980) is the source of contemporary death penalty jurisprudence in India. Its major contribution was to limit the imposition of death penalty to the rarest of rare crimes, and for laying down...

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India’s employment elasticity almost zero-Manas Chakravarty

-Live Mint High growth hasn’t led to more jobs  The years between 2004-05 and 2009-10 saw some of the highest rates of gross domestic product (GDP) growth for India. The problem, however, is that this high growth hasn’t led to more jobs. Employment elasticity—which is a measure of how employment varies with economic output—has come down dramatically. The Planning Commission says that employment elasticity has come down “from 0.44 in the first half...

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