-TheWire.in The Environment Impact Assessment (EIA), a legal process that effectively grants projects like mines, dams and industries access to land, water, forests and other environmental resources has been used in India since 1994. On March 12, 2020, in the midst of a global pandemic, the environment ministry put out a draft proposal to amend the EIA norms. The last date for public comments is June 30, 2020. The EIA was designed within...
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How China Reduced the Urban-Rural Economic Chasm – and How India Can Do it Too -Mahesh Uniyal
-TheWire.in Unlike China which supported productivity-enhancing R&D investments, India’s focus has been on politically-driven subsidies that mainly benefit large farmers. We saw the trailer two years ago. TV news visuals of the plight of thousands of rural poor marching to Mumbai shocked the relatively affluent residents of India’s financial capital. The March 2018 Maharashtra farmers’ march and now the nationwide COVID-19 lockdown-triggered migrant exodus has exposed the stark duality of India – an...
More »Economic Liberalisation and its faults -KM Gopakumar & Ranja Sengupta
-The Hindu The virus reveals how dependence on private sector-led economic growth has proved to be disastrous Dr. Manmohan Singh’s 1991-92 Budget speech marked the beginning of the end of the ‘Licence Raj’ in India. The Budget also announced the reduction of import duties and paved the way for foreign-manufactured goods to flow into India. Following this, most of the manufacturing sector was opened up to foreign direct investment. India’s industrial policy...
More »World Bank sees FY21 India growth at 1.5-2.8%, slowest since economic reforms 30 years ago
-The Hindu/ PTI The COVID-19 outbreak came at a time when India’s economy was already slowing due to persistent financial sector weaknesses, says World Bank report. Washington: India is likely to record its worst growth performance since the 1991 Liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy, the World Bank said on Sunday. India’s economy is expected to grow 1.5% to 2.8% in the 2020-21 fiscal which started on...
More »Covid-19 will test, reshape the State -Yamini Aiyar
-Hindustan Times Today’s choices will determine the future of the Indian State’s relationship with citizens The only certainty in the coronavirus-induced global chaos is that the idea of the nation-state as the all-powerful, enforcer of social order is back. After decades of globalisation, neo-Liberalisation and privatisation, in this moment of crisis, people across the globe are looking to their national governments and willingly giving up their civil liberties in favour of absolute...
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