-The Indian Express "If we did not have a patent system, it would be irresponsible, on the basis of our present knowledge of its economic consequences, to recommend instituting one." So said Fritz Machlup, a wise American economist several decades ago. His words remain as true now as they were then. For, the patent system is one of the most faulty legal regimes that one could possibly have conceived. It purports...
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Reforming markets, lessons from Bihar -Sukhpal Singh
-The Tribune There has been a big political rush to reform Agricultural Produce Market Committees (APMC) or agricultural markets. It is now known that most of the problems of the farm sector start and end with agricultural markets in some way or the other. The Model APMC Act 2003 provided a road map for the states to amend their APMC Acts in order to provide choice of channels to farmer for sale...
More »How effective are social security and welfare in India? -Anumeha Yadav
-The Hindu India's growth story of the last two decades has had one recurring theme: that the pattern of economic growth is accentuating insecurities. Yet, there continues to be a deep divide over whether the gains from growth ought to be ploughed back to achieve social security for everyone. Social security has come to be linked to job benefits, tying it to one's status as a worker in the formal or...
More »Jairam Ramesh, former Rural Development Minister, speaks to Sanjeeb Mukherjee
-Business Standard Former rural development minister Jairam Ramesh tells Sanjeeb Mukherjee that the Ordinance to amend the land acquisition Act (2013) opens the door for forcible acquisition and undermines the spirit and the substance of the legislation. Edited excerpts: * An oft-repeated argument given by the National Democratic Alliance (NDA) government to justify bringing an Ordinance to amend the land acquisition Act (2013) passed by your government is that many Congress-ruled states...
More »Revisiting rural indebtedness - CP Chandrasekhar
-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...
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