The lone Indian activist on the 2011 TIME magazine’s 100 most influential people in the world, Aruna Roy has been more successful than most, when it comes to getting the government’s attention. The Chennai-born former bureaucrat who was an instrumental force behind the revolutionary Right to Information Act has also been credited by the government for “incorporating strong citizen entitlements” in the ambitious National Rural Employment Guarantee Act (NREGA). A constant...
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FDI in multi-brand retail still on govt’s mind: FM
-The Times of India Finance minister Pranab Mukherjee said on Friday that opening up of the multi-brand retail sector to foreign investment was still on the "mind of the government" and it would be pursued once consensus emerged among political parties and other stakeholders. Mukherjee blamed lack of consensus among political parties for the government's inability to implement the reform measure but said it did not reflect the lack of intention or...
More »The Durban Subversion
-EPW A paradigm shift on global strategy, but will it make a difference to climate change or only pass the buck? The United Nations Conference on Climate Change in Durban ended dramatically with a last minute agreement of sorts, which only talks about more talks to arrive at some kind of legally binding instrument that will impose emission curbs on all countries from 2020. The agreement is simply not enough in...
More »‘Rural wages scheme, Food Security Bill can stoke inflation’
-The Indian Express Reserve Bank of India Governor D Subbarao on Tuesday cautioned that policies — the significant increase in rural wages triggered by the MGNREGS and inflationary implications of the proposed Food Security Bill — aimed at inclusive growth can stoke inflationary pressures at any rate in the short-term. “The need for making growth inclusive is incontestable, but it is important to recognise that policies aimed at inclusion can stoke inflationary...
More »High food price, a crisis on our plate by Brinda Jagirdar
To control inflation and ensure long-term economic growth, India needs to harness the creativity of the large number of its farmers and entrepreneurs, especially in rural areas. The latest WPI inflation data show primary articles inflation in double digit, driven mainly by food inflation which remains stubbornly high at over 9 per cent. The high food prices are the result of structural factors with shortages getting aggravated as demand continues to outstrip...
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