The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...
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Leave It To The Market by Dilip Modi
Land acquisitions in India are invariably marked by violent protests. Is politics responsible for stirring up passions? Is it loss of a means of livelihood that landowners resent? Or is there a fundamental problem with the way acquisition is done that stirs up a hornet's nest? Look at the last issue first. There are two fundamental problems with the present system of land acquisition: the process of acquisition, and the...
More »Make food subsidy self-selecting by Subir Roy
The management of food and poverty in India is getting increasingly unreal. On the one hand, the country has a bumper harvest with every likelihood of the grain mountain to be procured adding to the existing mountain of official stocks. Without adequate storage space, a not-so-insignificant part of it will rot and go to waste. On the other hand, the government will not allow wheat exports until it is clear...
More »Details of patented drugs to be made public by CH Unnikrishnan
To increase transparency, India’s patent regulator will soon make public details about patented drugs which include whether domestic demand for these medicines is met at a reasonable price. Patent holders in the country are required to submit once every year the so-called working details which include the quantity and value of a product that is sold, manufacturing base, quantity of production or imports, and a statement on whether public requirement has...
More »Central Delhi to be test case for cash transfer by Sobhana K
The Delhi government might be the first in the country to implement the cash-transfer scheme, replacing the existing public distribution system (PDS). The Food and Civil Supplies Department is in the final round of discussions with the Union government on the issue. Though the Delhi government had put forward this proposal almost three years ago, it had been in cold storage ever since. The project has now been revived. Central Delhi,...
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