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People, The Real Estate-Pragya Singh

-Outlook A new land acquisition bill readies for budget session. How will it fare? Bill Of Blights     Defines “public purpose” too broadly, allows govt to acquire land for PPPs     Less landowner consent required for PPPs than private-only projects     The bill’s compensation norms likely to face strict challenges in the courts     States have been given R&R powers but could lead to arbitrary outcomes     Doesn’t consider govt projects where compensation, R&R are neglected *** The...

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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...

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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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MGNREGA 2.0: We need it now more than ever-Aruna Roy

With the threat of a failed monsoon and an impending drought, the need for public works and for greater numbers of workers will arise in many states, says National Advisory Council member Aruna Roy Despite all its seminal achievements, the Mahatma Gandhi National Rural Employment Gurantee Act is at the receiving end of the most controversial critiques any government programme has received so far. We could perhaps invert this to say...

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Ranvir Sena chief murder poses challenge to Nitish Kumar-Smita Gupta

Friday's murder of Brahmeshwar Singh, chief of the outlawed Ranvir Sena (a private army owing allegiance to the powerful upper caste Bhumihars) in Bhojpur, 71 km from Patna, could become a major test for the seven-year-old Nitish Kumar government's continued ability to maintain social harmony in Bihar. Within hours of the killing in the early hours, Singh's supporters went on the rampage, upsetting the delicate caste equilibrium in south Bihar,...

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