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Land Ahoy!

-Tehelka Bureau Though well-meaning, the new Land Acquisition Act is far from being a perfect legislation. But the urgency to amend a law even before a real field test signals a larger agenda. By all counts, this was expected. Long before he became the BJP and subsequently the nation's chosen one, Narendra Modi had made it clear that his model of development gains from the ease of doing business. Then, days ahead...

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India’s best hope is that the Budget due February 2015 chooses growth and jobs -Arvind Panagariya

-The Times of India Blog The presidential address to Parliament on June 9, 2014 had focussed nearly exclusively on projects and schemes, eschewing policy. Therefore, many had eagerly awaited the budget speech for a policy vision of the new government. Unfortunately, it too left observers guessing on whether the government would tackle tough reforms or rely principally on better implementation. Had this been the budget of the United Progressive Alliance (UPA), arguably...

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Aadhaar gets a lifeline as Nandan Nilekani impresses Narendra Modi and Arun Jaitley -Vikas Dhoot & M Rajshekhar

-The Times of India NEW DELHI: Four days before Prime Minister Narendra Modi made his first public statement surprisingly backing the Unique Identification Authority of India (UIDAI), former UIDAI chairman Nandan Nilekani met with the PM and finance minister Arun Jaitley and persuaded the new regime to persist with Aadhaar numbers and the Direct Benefits Transfer (DBT) scheme. This meeting - a life-saver for the Aadhaar programme - happened on the first...

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Ration card’s out, Aadhaar in to open bank accounts -Mayur Shetty

-The Times of India MUMBAI: The ration card - the government issued booklet for availing of subsidized food under the public distribution service - is set to lose its privileged status as a valid document for opening bank accounts. Aadhaar is now set to become the single universal document for opening a bank account in India. In a circular dated July 17 addressed to banks, the RBI said that it has revised...

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Central govt employees will have to declare family assets

-The Times of India NEW DELHI: All central government employees will now have to declare their immovable/movable assets and liabilities as well as those of their spouses and dependents by July 31 every year. The Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limited for Exemption of Assets in Filing Returns) Rules, 2014 make it mandatory for central government employees to file a statement listing their...

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