Nobel laureate economist Joseph Stiglitz today said he was aware of the problems industry was facing in acquiring land in Bengal and suggested that government role in facilitating acquisition could help reduce the difficulty. “I talked to some people and they said it’s (land acquisition) a problem here,” said Stiglitz, a professor of economics at Columbia University, during an interaction with journalists. The former chief economist at the World Bank expressed his...

They are known to enjoy the privileges, but even the railways was not prepared for what essentially was a technical error on their part. Forced to board a second class AC compartment in the capital-bound Patna Rajdhani after the railways could not arrange for an additional first AC rake, 18 MPs from Bihar created a ruckus at Mughalsarai junction on Tuesday night. As a result, the train was stuck at...

-The Telegraph   The Singur land was taken over by the state government tonight after a flurry of dramatic events, prompting the Tatas to make preparations to move the high court tomorrow morning. Sources said Tata Motors wrote to top state government officials tonight, requesting them not to alter the status quo without a court order. However, a government official said in Singur that the administration had taken possession of the land...

-The Telegraph Tata Motors has “abandoned” the Singur project, according to the draft of a state government bill that seeks to take over the entire land leased out to the company and prospective vendors. If the Singur Land Rehabilitation and Development Bill, 2011, gets passed in the Assembly without any changes to the draft, it will be a matter of official record that the project has “in fact been abandoned by the...

-The Economic Times   Dear Smt Gandhi, We, a group of academic economists, are writing to you about the proposed National Food Security (NFS) Act legislation that is of profound importance to India's economy. We believe that it is appropriate that India pursues the goal of genuine food security for all through a law that guarantees a minimum transfer to every adult except a small subset of the most affluent who...