-PTI Mumbai: Seasonal spurt in vegetable prices next month could partly reverse the benefits of low global oil prices reducing inflation and increasing disposable incomes, the Reserve Bank of India (RBI) warned on Tuesday. "The sharp reduction in oil prices as well as in inflation is likely to increase personal disposable incomes and improve domestic demand conditions in the year ahead," the central bank said in its monetary policy document. Inflation, excluding food...
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Dispossession, development and democracy -Michael Levien
-The Hindu While liberalisation's backers are not squeamish in admitting that democracy is an impediment to the free market economic model, farmers who are dispossessed of land argue that they are undercompensated and that the profit of private companies is not a public purpose Since it was passed by Parliament in September 2013, the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act (LARR) has been criticised from...
More »Using technology to fight poverty
-Livemint.com Technology can help India to quickly deliver long pending reforms More than a billion people around the world have emerged out of extreme poverty over the past two decades thanks to the surge in Growth rates in countries such as China after they embraced free-market policies. Last week, billionaire philanthropists Bill and Melinda Gates made a stunning claim in the latest edition of their annual letter: the lives of people living...
More »New GDP numbers' sheen to UPA-II -Indivjal Dhasmana
-Business Standard Govt's revised method of calculating output and Growth make recomparisons inevitable in earlier judgments At the outset, nobody would believe that India's economy expanded by double-digits only four years earlier and the Growth rate in gross domestic product (GDP) dived to as little as below four per cent during the global financial crisis period of 2008-09. Yet, these would be the facts if one measures Growth in terms of the...
More »The Questions We Should Be Asking Frequently About the Land Acquisition Act -Usha Ramanathan
-GRISTMedia.com In the course of my work as part of a team set up to look into the socio-economic status of Adivasi communities, there were several things I learned about the Land Acquisition Act, 2013, and the amendments to it. Here are some important questions about land and the Act that we should be asking: * What is the State's relationship to land and its citizens? This a key question - and one...
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