-The Hindu In his article in The Hindu (editorial page, “Making a mockery of domestic gas pricing,” January 18, 2013, Surya P. Sethi attacks the gas pricing formula proposed by the Rangarajan Committee, curiously enough, for being based on numbers from foreign markets that do not reflect the supply, demand or cost of production in India. I say “curiously” because on the exact opposite side, domestic producers are also pillorying the committee’s...
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China pledges to narrow income gap
-Al Jazeera Widening wealth gap in Beijing has stoked concerns over its impact on political and social stability. The Chinese government has issued a pledge to narrow the widening income gap between rich and poor, which includes raising its minimum wage and requiring state companies to turn over more profits to pay for social programmes. The pledge on Tuesday promised more spending on health, education and job training but gave few details and...
More »A platform of, by and for the connected-Rahul Verma and Pradeep Chhibber
-The Indian Express Increasing frequency and intensity of protests reflect a deeper crisis in Indian democracy: the failure of civil society In the last five years, citizens have poured out in large numbers at Jantar Mantar and India Gate (and in many other parts of the country) to ask the state to hear their demands. In 2006, marches and sit-ins forced the state to re-examine the Jessica Lal and Priyadarshini Mattoo cases....
More »Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
More »A law and its losers -TK Rajalakshmi
-Frontline The Land Acquisition, Resettlement and Rehabilitation Bill is an attempt to circumvent the hurdles before acquisition, such as rehabilitation of land losers, without much increasing the cost of land. THE preamble to the draft Land Acquisition, Resettlement and Rehabilitation (LARR) Bill is very noble; it talks about a “humane, informed, consultative and transparent process for land acquisition for industrialisation, development of essential infrastructural facilities and urbanisation with the least disturbance...
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