-The Hindu   “If the law of the market is ignored, then no government policy, however well intended, is going to work”, Chief Economic Advisor to Government of India Kaushik Basu said at a conference on the Indian health sector here on Friday. He referred specifically to how 44 per cent of the food grain meant for the poor never reaches them through the Public Distribution System and said that this needs...

Two months ago, Cabinet approved a draft law that seeks to create a better legislative environment to attract Investments in mining and ease land acquisition through higher compensation to people displaced by projects. This show of goodwill could help the government win some hearts in troubled landscapes of Orissa and Karnataka.  But mining companies are not entirely convinced as they have to pay higher royalties and want changes to be made...

Village studies are a treasure trove of information on economic and social changes A noteworthy feature of research on Indian agriculture is the resurgence of interest in village studies. Such studies – that include resurveys of villages studied earlier – provide insights into the livelihood prospects of the majority of people who continue to work in the countryside. They are an important mode of research to understand agrarian relations that often...

The anti-corruption movement has enabled the Indian middle class to feel smug about itself. Its members have gone through a vast range of emotions during the last two decades, from self-hatred to self-righteousness. Liberalisation of the economy has created for this class an excitement of many kinds. It has meant the freedom to pursue the quest for wealth without guilt and, at the same time, it has meant feeling set...

-The Indian Express   The finance ministry has come to an agreement with the department of industrial policy and promotion about what the government’s policy towards foreign direct Investment in retail should look like. This means the retail FDI proposal will be placed before the cabinet soon, and hopefully will be cleared as soon as possible. Currently, only 51 per cent foreign Investment is permitted, and only in stores selling a single...