The Budget should be an instrument of economic discipline and a promoter of healthy social development. As it is, it is like a leaky tap; it cannot halt inflation without disciplining political skulduggery. March 21, 2011:   A lot has been written about the Budget, how it affects this or that industry or business, or how it will increase or decrease the GNP growth rate. Undoubtedly, all those factors are important. But...

The budget is more concerned about the consumer than the grower A LOOMING food crisis in the world and high food inflation rates at home made Pranab Mukherjee’s proposals to boost agriculture in his 2011 budget more keenly watched than usual. These are factors that clearly weighed with the finance minister who repeatedly said that his principal concern this year has been the continuing high food prices. The squeeze on the...

Small farmers granted waiver by 2008 central scheme win a roller-coaster legal battle In A significant ruling, the Gujarat High Court has granted loan waiver and relief of around Rs 22 crore to 312 farmers who got these loans from an urban co-operative bank for direct agricultural and allied activities under a central scheme. The court also held that no new condition can be added by the HC to a scheme...

Forty years ago Monkombu Sambasivan Swaminathan helped rescue the world from growing famine and a deepening gloom over the future of food supplies. Today, public policy projects itself as pro-farmer but it does it half-heartedly, complains Swaminathan. M S Swaminathan, member of the National Advisory Council and father of the Green Revolution says the government's allocation for agriculture is insignificant. Doesn't the Union Budget reflect a new focus on agriculture?...

India’s Supreme Court has questioned clearances to industries on the basis of environment impact assessments (EIAs) carried out by private consultants in the pay of project proponents. A special bench of the court led by Chief Justice S.H. Kapadia, that is hearing a petition challenging approvals granted to the French company Lafarge to mine limestone, likened the practice to "paying the piper to call the tune." Kapadia’s bench noted that every report...