-The Telegraph The dissent-riven report of the parliamentary standing committee on the Lokpal bill is set to recommend exclusion of the Prime Minister from the proposed anti-graft authority’s ambit, a decision bound to intensify the government’s tussle with Team Anna. No consensus could be reached on the question of the Prime Minister’s inclusion at the last meeting of the committee. While most members felt that the country’s top executive office should not...
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Survey tiptoe on land minefield by Sankarshan Thakur
Chief minister Nitish Kumar’s ambitious new effort on land survey and consolidation could become another perilous flirtation with the hornet’s nest. Days after its unveiling at the presentation of the first annual report card of Nitish’s second term, a top minister in his cabinet sounded both alarm and caution on the land survey proposal. “Land, as the chief minister himself knows, is an extremely sensitive and volatile issue,” he told The...
More »Growth and Exclusion by Prabhat Patnaik
The 11th five-year plan promised the nation “inclusive growth”. It marked a departure from the earlier official position that the “benefits of growth” would automatically “trickle down” to the poor, and that if growth was not actually benefiting the poor, then the reason lay in its not being high enough. The 11th plan, by contrast, conceded that the “benefits of growth” did not automatically “trickle down”, but argued that growth...
More »FDI in retail can enrich 650 million Indians for inclusive growth
-The Economic Times The entire political opposition to allowing overseas investment in retail is focused on the assumed plight of traders and small Merchants in India. How about consuMers, who outnumber sellers by many multiples? And what about farMers, the bulk of India's population? The idea of organised retail is to get quality stuff to buyers at reasonable prices. To do that, retailers employ technology, storage and logistics to cut overhead...
More »Embattled Patel General Stores by Ajit Balakrishnan
The battle for India’s retail market is being fought not just in the halls of Parliament and on the front pages of newspapers but also on the little stretch of road near my home in Mumbai, where Colaba Causeway peters out into Navy Nagar. The outsize name board, “Patel General Stores”, had proudly announced itself for as long as I can remember. Recently, however, I noticed that the board had been...
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