-Outlook The controversial Land Acquisition Bill was today cleared by the Union Cabinet, making mandatory the consent of 80 per cent of people whose land is taken for private projects. In the case of Public-Private Partnership projects, the bill makes mandatory obtaining of consent of 70 per cent of the people whose land will be for acquired. The bill was given the go-ahead at the Cabinet presided by Prime Minister Manmonan Singh. The bill...
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Govt. orders judicial probe into Walmart lobbying
-PTI Bowing to opposition pressure, the government on announced a time-bound inquiry by a retired judge into reports of lobbying by retail giant Walmart to gain entry into India. Parliamentary Affairs Minister Kamal Nath made the announcement as soon as the Lok Sabha met for the day. “Government will appoint a retired judge to hold a time-bound inquiry into the media reports regarding Walmart,” Mr. Nath said. The issue of retail giant Walmart lobbying...
More »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...
More »The Colours Of Fallacy -Prasenjit Bose
-Outlook Talking ‘communal’ about FDI trivialises the secular cause If one adds up the number of MPs in the Lok Sabha belonging to political parties that have a stated position against FDI in retail trade, it will certainly be bigger than the number of MPs in favour of FDI. Actually, the figure goes well past the Lok Sabha majority mark of 272. Yet the resolution opposing FDI received only 218 votes...
More »FDI to bring new technology in agriculture, says Prime Minister -Amit Chaturvedi
-NDTV A day after the UPA Government won Parliament's approval on its proposal to allow foreign direct investment or FDI in multi-brand retail, Prime Minister Manmohan Singh has said FDI will create a revenue model for farmers. "FDI has been passed by Parliament and it was strongly supported by organisation in Punjab. Agriculture and food retail business will be benefited by it, farmers and consumers will be benefited by FDI," the Prime...
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