-Hindustan Times A dominant feature of the first year of Narendra Modi's leadership is the quiet dismantling of India's imperfectly realised framework of welfare and rights, covertly, by stealth. A declared pro-corporate agenda, such as the land acquisition ordinance, proved politically messy and costly. Therefore, the government resorted instead for an enfeebling of the welfare architecture of the country through a combination of fiscal withdrawals, ignoring even legally mandated obligations. But this attracted...
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With Economy on an Upturn, India Needs to Unlock Investments to Accelerate Growth, says World Bank
-The World Bank A World Bank study shows creating productive assets can help make MGNREGS cost effective New Delhi– The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the...
More »Social Sector Spending in 2015-16
-Economic and Political Weekly The states now have an opportunity to set their own priorities in the social sector. In the constitutional scheme of things, it is the states rather than the centre which bear the larger responsibility for social sector spending. Indeed, the states already account for as much as 80% of total outlays in the area. But central government intervention in the form of establishment of and funding for certain...
More »Lack of Clarity and Vision in New Mines and Minerals Act -EAS Sarma
-Economic and Political Weekly Much has been claimed on behalf of the Mines and Minerals (Development and Regulation) Amendment Act that has been enacted by Parliament, but the legislation has introduced a watered-down version of auctions, has many exceptions to legalise the old first-cum-firstserve approach, and ignores previous Supreme Court rulings on measures to ensure sustainable development. E A S Sarma (eassarma@gmail.com) is a former Union Power Secretary. With a brute majority in...
More »CAG rips into famed Gujarat growth model
-The Times of India GANDHINAGAR: The Comptroller & Auditor General (CAG) of India report tabled in the state assembly on Tuesday raised several question marks on the much-famed Gujarat Model. The report tore apart the tall claims of the state government led by former chief minister Narendra Modi on agricultural growth, social indicators and spent on social infrastructure, fiscal discipline, right to education, and law and order situation. The report observed that Gujarat's...
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