The Central Statistical Organisation estimate of overall GDP being likely to grow at 7.2 per cent this year has brought back the confidence of the industry and policymakers that the economy has truly turned the corner. But the growth of the farm sector is almost flat (-0.2 per cent), though this too is a pleasant surprise given that it was exposed to the worst drought since 1972. The real worry...
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Left to seek scrapping of Land Acquisition Act: Brinda Karat by Ananya Dutta
The Left parties would raise a demand to scrap the “archaic” Land Acquisition Act, 1884, as it facilitated land acquisition by big corporates, who took advantage of the acute distress of farmers, Communist Party of India (Marxist) Polit Bureau member Brinda Karat said here on Sunday. “Why are they [the Centre] delaying the scrapping of the Act?” she said. “There is utter hypocrisy in land reforms and distribution in the country.”...
More »Economist, Plan architect K.N. Raj passes away by C Gouridasan Nair
K.N. Raj, widely respected development economist and teacher and one of the architects of the Indian Plan edifice, passed away here on Wednesday. He was 85. Dr. Raj — who was the economic adviser to Prime Ministers from Jawaharlal Nehru to P.V. Narasimha Rao, and set the pace of India’s economic growth story from the First Five-Year Plan — had been keeping indifferent health for some time. He was admitted to...
More »Manmohan’s photo cannot be used without PMO’s approval by Sandeep Joshi
The Prime Minister’s Office (PMO) has thrown a spanner in the works of the National Highways Authority of India (NHAI), which planned to put up huge hoardings of Prime Minister Manmohan Singh’s photographs along all national highways. Going a step further, it directed all Central ministries and departments not use the Prime Minister’s photographs without prior approval. “Photograph of the Prime Minister cannot be used by any Ministry /Department without...
More »The blame game around food prices by CP Chandrasekhar
The special meeting of Chief Ministers convened by the Centre indicates that food price inflation remains worrisome. But at the meet the problem was underplayed and little of substance emerged. With food price inflation still running at close to 18 per cent, the UPA government at the Centre has been forced to recognise that it constitutes a problem that deserves as much or more attention than the objective of achieving...
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