-The Times of India   NEW DELHI: The highways ministry is looking at entering into long-term contracts with cement majors across the country to purchase the construction material at a lower cost and shift to concrete roads, which are seen to be more durable although they cost more than those made using bitumen. Road transport and highways minister Nitin Gadkari - who had announced his support for concrete the day he took...

-The Business Standard   The new Act is an effort to address the historical injustice while speeding up procedures The Land Acquisition Act, 1894, is a colonial law enacted by the British government which survived and continued post-independence. This Act authorised the government to acquire the land from privately held person for public use, at a reasonable price. Even after independence, the Indian government continued with the 1894 Act. In many instances there have...

-The Business Standard     They were unimpressed by the UPA's misguided socialism, but they worry about the new regime's free-market orientation too Consider this paradox. The Congress Party-led United Progressive Alliance (UPA) was decimated in the elections in spite of several years of good monsoon and rising agricultural production. Consider another paradox. This was the regime that implemented policies that were presumed to be pro-farmer: the Mahatma Gandhi National Rural Employment Guarantee Act, the...

-Live Mint   Prakash Javadekar's environment ministry proposes reduction in parameters defining forests as inviolate New Delhi: On a day it took the environment approval process online, the new government proposed diluting the norms for allowing industrial units in forest areas, moving to clear a logjam in project mandates that industry groups allege has contributed to declining economic growth. Not only will it make the process of environment clearances easier, the norms, once changed,...

-Outlook   The author of the surprise international bestseller, Capital, in the 21st Century, thinks that abolishing Income Tax is not a good idea Books on economy rarely move beyond the peer group of economists and their academic circle. But those old presumptions are now being put to the test and the rules are being rewritten from the time 42-year old French economist, Thomas Piketty, went viral. The publication of the English edition...