A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...
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Price of Singur by Anup Sinha
The land problem in Singur was a turning point in the political fortunes of both the Left Front and the Trinamul Congress. The story is far from complete, and the legal twists and turns between Mamata Banerjee and the house of Tata could unfold in surprising ways. The issue of adequate compensation for farmers, who had to part with their land, is still an open question to which many well...
More »Agriculture blooming on initiatives galore by K Balchand
India registered a good 8.5 percent GDP growth in 2010-11 staving off the global impact of recession mainly due to the major recovery in the agriculture sector. The recorded foodgrain production in 2010-11 was the outcome of the initiatives of the state governments, the union government has now acknowledged. It was an innovation's galore to say the least if one takes into consideration the efforts of the 10 states that went...
More »POSCO: take land but give life by Sunita Narain
The sight on television was heartbreaking: children lying in rows in the searing sun to be human shields against the takeover of their land for Korean giant POSCO’s mega bucks project. Facing them were armed police sent by the state government to assist in the operation. The steel plant and port project, located in a coastal district of Odisha, has been in a six-year-long eyeball-to-eyeball battle with people whose land will...
More »Govt ignores NAC on land bill
-The Asian Age The draft Land Acquisition (Amendment) Bill being vetted by the Union law ministry maintains the 70:30 formula — a private developer has to acquire at least 70 per cent of the land, the remainder to be done by the government. This goes against the National Advisory Council proposal that the government acquire 100 per cent of land, while West Bengal chief minister Mamata Banerjee’s stand is that...
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