-The Indian Express India should learn from China and start with liberalisation of rural land, labour and capital markets before attempting bigger things. Independence Day has come and gone with its usual mix of celebrations, pride and ruminations on how things could be better. Interestingly, several media commentaries tagged the event with the 25th anniversary of economic reforms, launched in 1991 around the same time of the year. They largely dwelt on the theme...
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Farmers in parched India village use crowdfunding to build canal -Saritha Rai
-Bloomberg When farmers in the scorched village of Horti in Western India were struggling to raise money for a canal, they turned to an unlikely source: a crowdfunding website called FuelADream. The farmers had never heard of crowdfunding before, but a local non-profit group suggested the site and helped them write a proposal that explained how a canal would help feed local families. Within weeks, they had raised Rs 300,000 ($4,490) from...
More »India's forests: Whose land is it anyway? -Nitin Sethi
-Business Standard The Compensatory Afforestation Fund Bill was passed by Parliament amid intense debate over how best India can conserve its forests * Why were the Congress, the Left and tribal activists, including some RSS-affiliated bodies, against the Bill in its present shape? They wanted that the money not be spent on traditional forest lands without the consent of tribals and other forest dwellers. * Why did they want so? India has at least 400...
More »What’s cooking? -Richa Mishra and Debabrata Das
-The Hindu Business Line The PMUY scheme, under which the poor get subsidised LPG connection, addresses an urgent need. At the same time, it can turn out to be a political masterstroke for the BJP, write Richa Mishra and Debabrata Das The kitchen has always played an important role in Indian politics. Leaders across political parties have cooked their electoral fortunes with the kitchen as the integral ingredient. While some distributed highly...
More »How Well Does India Understand Inflation? -Deepanshu Mohan
-TheWire.in Policy makers should conduct deeper analysis on the many subtle factors that shape inflation and its effects on the Indian economy. In 1923 when Rudolf von Havenstein, the president of the German Reichsbank (later known as the Deutsche Bundesbank), recklessly initiated a money printing drive in response to the German government’s demand to spend more money, Germany was inevitably embroiled in a bout of hyperinflation and its worst crisis of the...
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