Inefficiency, the global financial meltdown and rising food prices have conspired to reverse progress made on poverty and hunger Head out of Delhi, across the fetid Yamuna river, with the tourist sites behind you and the northern Indian plains in front of you. Go past the new, luxury flats built for the Commonwealth Games, turn right and follow the lines of the new metro and then plunge left, avoiding the chaotic...
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Govt role must in land buys: Basu
Chief economic advisor to the finance ministry Kaushik Basu says the government should step in and acquire land for development projects to protect the interests of farmers. He also explains why the government cannot tackle Food inflation by distributing free foodgrain among the poor. Excerpts from interview with ET: A large number of land-intensive project have run into opposition. Could it actually undermine our infrastructure thrust and growth? There is...
More »Displacement
KEY TRENDS • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...
More »Food inflation goes up to 11.47%
Food inflation went up to 11.47 per cent for the week ended August 28, on the back of increase in prices of cereals, fruits and milk. This is the second consecutive week when Food inflation has shown an upward trend, after a brief period of moderation in July and first half of August. Food inflation was 10.86 per cent during the previous week ending on August 21. On a yearly...
More »The economics of food management by Harish Damodaran
Kaushik Basu proposes a new framework for release of foodgrains from government warehouses. Last year, official Food inflation peaked at 21.05 per cent for the week ended November 28. Since then, it has eased — though the year-on-year rise of 10.86 per cent for August 21 is still in double-digit territory. Moreover, in absolute terms, the ‘food articles' index for the latest recorded week, at 303.3, is higher than the 296.1 level...
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