The stalled Land Acquisition Bill should be completely overhauled. In both China and India the issue of land acquisition has become politically very sensitive. In China by official reports more than 66 million farmers have been dislocated in recent years for various commercial development projects. Local officials in cahoots with local business have been rather cavalier in this matter, and this has inflamed passions in the countryside. In India the...

India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...

More Indians go to bed hungry today than they did on the eve of Independence 62 years ago So, more Indians go to bed hungry today than they did on the eve of Independence sixty two years ago. The per capita calorie intake, experts say, has dropped to what it was at the end of World War II. On top of it now, over 25 per cent of the country...

Academics can have relevance beyond the printed word and Jean Dreze has proved that this is indeed the case. He has deservedly won the Economic Times’ Policy Change Agent of the Year 2009 for his outstanding work in poverty alleviation and rural employment. A development economist, Dreze has taken his academic persuasions to the real world — he not only played a major role in designing the National Rural Employment...

Ranchi, Sept. 12: Governor K. Sankaranarayanan has revealed that as much as Rs 1,000 crore had lapsed from funds meant for the National Rural Employment Guarantee Scheme in 2008-09 in Jharkhand, prompting the Centre’s think-tank behind the job scheme to dub the state’s implementation record as “poor”. Calling the finding “unfortunate”, the governor today said the state could not afford to lose funds allocated for the welfare of the people....