-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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Shubhankar Dam, Assistant Professor of Law at Singapore Management University School of Law & author of 'Presidential Legislation in India: The Law and Practice of Ordinances' interviewed by V Venkatesan
-Frontline SHUBHANKAR DAM, Assistant Professor of Law at Singapore Management University School of Law, is the author of Presidential Legislation in India: The Law and Practice of Ordinances (Cambridge University Press, 2014), which has received wide acclaim among scholars of constitutional law. Against the backdrop of his insightful critique on the necessity of ordinances in a democracy, Professor Dam discusses in this interview the recent controversy triggered by the Bharatiya Janata...
More »Arvind Panagariya at Niti Aayog reveals Modi govt's disdain for public sector -G Pramod Kumar
-FirstPost.com Arvind Panagariya. The man is the message. When the 65 year old planning commission makes way for a putatively leaner NITI Aayog, the expectation is that it will change the era of centralised and top-down planning to a decentralised and participatory process. As expected, apart from the Congress ruled states, the move didn't face any noteworthy resistance. The Tamil Nadu government appeared to even rejoice its demise. However, what even the critics...
More »Minimum monthly wages could go up to Rs 15,000 -Subhomoy Bhattacharjee
-The Indian Express The Centre plans to fix minimum national monthly wages at around Rs 15,000 for all jobs in both the formal and informal sectors in the country. The National Minimum Wages Act, 1948, lays down minimum wages for 45 listed economic activities, which also serve as minimum wages for these activities in the states. However, states can specify minimum wages for over 1,600 economic activities. Raising floor wages to Rs 15,000...
More »Nothing dirty here: FAO kicks off International Year of Soils 2015
-FAO Spotlight turns to humanity's silent ally and the risks it faces Rome: Healthy soils are critical for global food production, but we are not paying enough attention to this important "silent ally," FAO Director-General José Graziano da Silva said on the eve of World Soil Day, to be celebrated on 5 December. Healthy soils not only are the foundation for food, fuel, fibre and medical products, but also are essential to...
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