It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...

Why is the government aggressively attacking and destroying inexpensive eco-friendly technologies and promoting pollution-friendly ones? Are we obliged to repeat all the mistakes that the West committed in its pursuit of economic growth? While it makes sense to corner First World countries into investing in eco- friendly technologies to control carbon emissions, as was attempted at Copenhagen, the stand of the Indian government that India cannot afford to enforce better...

The demand for a separate state of Telangana has brought into focus the economic performance of small states. Data brought out by the Central Statistical Organisation do show that most of the reorganised states tend to grow faster post-reorganisation and smaller states such as Uttarakhand, Jharkhand and Chhattisgarh have grown faster after achieving state-hood than before, and at a rate higher than the average for the country. Moreover, we find...

The District Rural Development Agency has hiked the wage from January 1 ERODE: Hike in National Rural Employment Guarantee Scheme (NREGS) wage has got Erode farmers worried about labour shortage. Following State Government’s instruction, the District Rural Development Agency, which oversees NREGS implementation, hiked the wage January 1 onwards by Rs. 20 to Rs. 100 a day. Under NREGS below poverty line families get work for 100 days a year, which is...

The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent. "We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required," said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former...