-Livemint.com Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest in eight months New Delhi: India’s new macroeconomic numbers, the last before the Reserve Bank of India (RBI) meets for its 4 October review of monetary policy, pose a dilemma for its new governor Urjit Patel. Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest...

-The Hindu The Supreme Court’s verdict on the Singur land acquisition issue is a re-statement of first principles relating to the limitations of ‘eminent domain’. By quashing the entire land acquisition process done by the erstwhile Left Front government in West Bengal, the court has reiterated that the term ‘public purpose’ cannot be arbitrarily invoked to acquire land and hand it over to a private party. One of the two judges...

-The Hindu Mihir Shah on the importance of an integrated policy for groundwater and surface water Mihir Shah, water policy expert, member of the erstwhile Planning Commission and in recent months head of several committees tasked with reforming India’s water laws, says existing institutions are inadequate to address our water needs. Which is why, he says in an e-mail interview, India needs an overarching water commission. Excerpts: * The proposed National Water Commission...

-The Indian Express India should learn from China and start with liberalisation of rural land, labour and capital markets before attempting bigger things. Independence Day has come and gone with its usual mix of celebrations, pride and ruminations on how things could be better. Interestingly, several media commentaries tagged the event with the 25th anniversary of economic reforms, launched in 1991 around the same time of the year. They largely dwelt on the theme...

-The Hindu Business Line June IIP up, but manufacturing grows just 0.9%; retail inflation hits 6.07% in July New Delhi: A barely growing manufacturing sector and a surging inflation dealt a double-whammy to the economy. Retail inflation surged to 6.07 per cent in July, overshooting the government and central bank’s comfort zone of 5 per cent, even as manufacturing growth remained almost standstill at 0.9 per cent in June. Yet, the Index of Industrial...