Experts at a discussion on "Two decades of economic reforms: The way forward", organized by CII, Bihar state centre, said the economic reforms had not lessened the urban-rural divide; hence rural people could not generate substantial demand in the economy, though the savings rate enhanced in the last two decades. Director, Asian Development Research Institute, P P Ghosh, said the savings rate had increased from 12% in 1951 to 35%...

The United Progressive Alliance government on Friday unveiled its second draft Bill addressing the burning issues of land acquisition as well as rehabilitation and resettlement (R&R). The National Land Acquisition and Rehabilitation and Resettlement Bill, 2011, as recommended by the National Advisory Council, will make it mandatory that gram sabhas are consulted and the R&R package is executed before the acquired land is transferred. Union Minister of Rural Development Jairam Ramesh...

The new Land Acquisition Bill is unlikely to set a threshold for government intervention in land purchases, leaving it to the states to frame policies on this politically volatile subject. The Bill will, however, eliminate any scope for discrimination by specifying the same rate of compensation for all affected for land acquired by private developers or the state on their behalf. It will also put the onus of compensation on the...

-IANS   With a spate of controversies and clashes over acquisition of farmland for private projects, the government Friday unveiled a draft bill to make the process transparent and equitable to all stakeholders, notably rural owners, with provisions not only for high compensation but also post-sale rehabilitation. The name: National Land Acquisition and Rehabilitation and Resettlement Bill, 2011. The thrust of the draft is on compensation based on market value, not less than...

The proposed Food Security Act has the potential to stoke global food prices and significantly increase the country's food subsidy bill, officials and experts say. The government plans to introduce a legislation which aims to ensure food security for 75% of the rural households and 50% of the urban areas and includes both below poverty line and above poverty line families. Experts say that in case there is a drought in future...