In the initial months of governance by the Trinamool Congress in West Bengal, attempts appear to have been made to begin subverting the positive results of the land reform programme of the Left Front. What is happening appears to be the inevitable outcome of political rivalry, the hegemonic rule of one party giving place to another, with the citadel of power changing its colour, making the “red” one “green”. But...

-The Economic Times   Bureaucracy bashing is India's favourite national vocation. And for good reason. Our bureaucracy has its good share of crooks, criminals and cheats who need to be put away - with or without a Lokpal. The simple counter-question is, does the bureaucracy have a disproportionately larger share of crooks than in other professions in India, and the data clearly does not say a resounding yes.  In fact, there is perhaps...

In U.P., where 70 per cent of the people depend on agriculture, FDI in retail does not produce any cheer. ON a misty Monday morning in early December in Muradnagar, a small town in western Uttar Pradesh, numerous tractors and trucks, loaded with jaggery and driven by farmers themselves, lined up in front of the smallest grain mandi (market) of the region. With unusual patience, the drivers waited for their...

-The Telegraph   New laws are often brought in without assessing their judicial and financial impact. The result is poor implementation, says Seetha Call it collateral damage. According to newspaper reports, agriculture minister Sharad Pawar has written to the Prime Minister asking for the National Rural Employment Guarantee Act (NREGA) to be put on hold during the peak season of agricultural operations. With a guaranteed income of Rs 100 a day for at...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...