The Centre is likely to ask states to devote 2% of the funds allocated to them under its flagship rural employment guarantee scheme for providing easy banking services to the rural poor. A funding crisis had hit the government's earlier effort to leverage the banking correspondent, or BC, model for the beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) after banks refused to bear the cost of...

The announcement last weekend by the prime minister that an independent National Environmental Appraisal and Monitoring Agency (NEAMA) would shortly be set up has been welcomed in the media. The PM indicates that it would be staffed by professionals, will set up a new process for environmental appraisal of projects, and monitor the observance of environmental management plans. It would be a recommendatory body, subject to final decision-making by the...

-The Times of India   The unveiling of the draft National Land Acquisition and Rehabilitation and Resettlement Bill is better late than never. All over India, industrialisation and infrastructure are hobbled by land-related strife. Whether it's Singur in Bengal or anti-Posco protests in Orissa, such stirs are impeding development and spooking investors. Bringing in a set of predictable rules - any rules - is welcome in such a context. The Bill...

It’s been raining “rights” in Indian policy for the last few years — education, work, food, service, healthcare, and much else. This “Diet Coke” approach to poverty reduction — the sweetness without the calories — was always dangerous because of unknown side effects. Commenting in 1790 on the consequences of the French Revolution, Edmund Burke said: “They have found their punishment in their success. Laws overturned, tribunals subverted, industry without...

The Congress-led United Progressive Alliance government’s proposed land acquisition law, a politically sensitive and critical piece of legislation that could potentially remove a big roadblock to industrial investment, aims to address rehabilitation and resettlement (R&R), providing safeguards for both land owners and livelihood losers, while clearly defining the “public purpose” for which land can be acquired by the government. “This draft Bill seeks to balance the need for facilitating land acquisition...