Fairness in land acquisition is difficult to achieve A market’s charm, leaving out cases of distress sale, lies in the fact that it ensures for individuals the right to refuse unacceptable transactions. This observation, though pedestrian, has implications for the controversies surrounding the use of agricultural land for industrial growth in Bengal. Indeed, many — the present author included — have argued in favour of land acquisition through markets, for...
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The iniquitous perils of the free trade pact
This is a statement sent in by V.R. Krishna Iyer, a former Judge of the Supreme Court, who is based in Kochi: Some of the provisions of the Free Trade Agreement (FTA) that India recently signed with the Association of South East Asian Nations (ASEAN) will weaken India’s, and specifically Kerala’s, rubber sector because Malaysia and a few other countries that are a part of the ASEAN will flood the...
More »The vexed issue of land acquisition by Pranab Bardhan
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...
More »Multiplier accelerator synergy in NREGA
The concepts of multiplier and accelerator borrowed from macroeconomic theory illuminate the enormous potential of NREGA and help set standards that it must be judged by. Over the last few months, just as the economy entered its current recessionary phase, the mainstream media, which till then had been uniformly unswerving in their antipathy to NREGA (National Rural Employment Guarantee Act), suddenly began to sing its praises. In all the gloom...
More »Right to Food
The distribution of iron fortified rice is part of the Government of India's push to combat anaemia and it will become a near mandatory programme for the poor, for whom this rice will be inescapable i.e., PDS, ICDS, school meals, etc. The fact-finding visit was organised by Alliance for Sustainable & Holistic Agriculture (ASHA-Kisan Swaraj) and the Right To Food Campaign (RTFC) between June 13th to 15th 2022, and included a...
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