Retirement at 60 means a relaxed life for most people. Not so for 70-year-old P Mukundan, managing director of Servals Automation Pvt Ltd, though. He did retire from his busy business life at 60 but chose to become a social entrepreneur after that. He started a social enterprise that is 'for-profit' but that touches the lives of those who live in rural areas all over the world. In 2002, Mukundan started manufacturing...
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Land bill draft vetoes Mamata on govt role by Basant Kumar Mohanty
The Union rural development ministry has retained in the draft of an amendment a partial government role in land acquisition for private investors, vetoing the diametrically conflicting views of Mamata Banerjee and a panel headed by Sonia Gandhi. The draft finalised by the ministry to amend the land acquisition act has stuck to the 70-30 formula under which the private investor is expected to buy at least 70 per cent of...
More »The new land acquisition law must seek to reduce market distortions and segmentation by Bibek Debroy
Land is contentious. With urbanisation and demand for non-agricultural use, coupled with lack of employment and skills for those in small-holder and subsistence-level agriculture, this is understandable. In western Europe, especially in Britain, and more especially in England, land markets were freed up before the Industrial Revolution and access to education and skills became more broad-based. We haven't introduced reforms that enable people to move out of agriculture, or diversify...
More »From fig leaf to banana republic by Siddharth Varadarajan
Nobody sheds a tear when the police harass ordinary citizens. But with the rich and powerful under the corruption scanner, the Prime Minister now fears a police state. The Prime Minister and his advisors just don't get it. At a time when the public is looking for an end to the loot of public money, the last thing they want to hear from their government is a bunch of excuses and...
More »Searching for Something Good to Say About India by Manu Joseph
It is a question that journalists in India are often asked without affection. “Don’t you have anything good to say?” A positive story, a happy story? The rebuke, when it is an e-mail or an online comment in response to an unflattering article about India, is sometimes accompanied by abuses or a general description of the journalist’s mother. And it is particularly passionate when it comes from the expatriate Indian whose...
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