-The Hindu The proposed amendment bill to the Land Act has amendments that are an exercise of state power without reason, with the basis for these changes on assertions of a vague agenda of development. What is equally disturbing is that at least some of the changes that these amendments propose, if passed, would also be patently unconstitutional In his celebrated treatise on constitutional law, H.M. Seervai began a discussion on the...
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Highlights of Union Budget 2015
-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...
More »How to reap a good harvest -Ajay Jakhar
-The Indian Express I recently witnessed protests in Berlin, against industrialised farming and the planned free-trade agreement between the European Union and the United States, under the banner "We Are Fed Up". Trade issues resonate across Europe, but in India, farmers are oblivious to the inevitable consequences of trade agreements. However, the government seems keen to address issues related to farmers. Yet, success on the farm front can be delusional if...
More »Jairam Ramesh, former Rural Development Minister, speaks to Sanjeeb Mukherjee
-Business Standard Former rural development minister Jairam Ramesh tells Sanjeeb Mukherjee that the Ordinance to amend the land acquisition Act (2013) opens the door for forcible acquisition and undermines the spirit and the substance of the legislation. Edited excerpts: * An oft-repeated argument given by the National Democratic Alliance (NDA) government to justify bringing an Ordinance to amend the land acquisition Act (2013) passed by your government is that many Congress-ruled states...
More »Revisiting rural indebtedness - CP Chandrasekhar
-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...
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