Chhattisgarh, long known as the epicentre of Left-wing extremism, clocked the highest growth rate among all states in 2009-10. The emergence of the state as a ‘miracle economy’ is yet to loosen the grip of politics of misery-mongering. Chief minister Raman Singh discusses the state’s growth journey and its challenges with Bharti Jain. Chhattisgarh is the latest growth story, having ranked first among states with 11.49% growth rate. What are...
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Govt role must in land buys: Basu
Chief economic advisor to the finance ministry Kaushik Basu says the government should step in and acquire land for development projects to protect the interests of farmers. He also explains why the government cannot tackle food inflation by distributing free foodgrain among the poor. Excerpts from interview with ET: A large number of land-intensive project have run into opposition. Could it actually undermine our infrastructure thrust and growth? There is...
More »Volatile wheat prices are as much a cause for alarm as are high prices
FEW rural pleasures match seeing a golden field of grain, rustling and ripe for reaping. But the harvest season in the northern hemisphere is being marked by turmoil on global wheat markets. A big reason is to be found in one of the world’s largest wheat exporters, Russia. Hit by fires and drought which have wiped out a third of the grain crop, the authorities there have banned exports, first temporarily...
More »Land, environment, industry: Sonia for balance
Underlining that acquisition of land was necessary for new industry and infrastructure, UPA chairperson Sonia Gandhi today said care should be taken to ensure this does not result in loss of fertile, productive tracts. “New industry and new infrastructure cannot be built without acquiring land. This is obvious. But land acquisition must be done in a manner that does not result in the loss of large tracts of fertile and productive...
More »Central sops to stop paddy diversion in Kerala by M Sarita Varma
As rubber prices soared to Rs 180 per kg, even land, which is not traditionally best suited for rubber is getting converted in Kerala, thus shrinking the area under paddy cultivation. To stop diversion of paddy area towards rubber farms, the Kerala government has decided to implement a Rs 2,111-crore central package for paddy development in Kuttanad district, major producer of rice in the state. “Procurement price of paddy is now as...
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