-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...
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Amid slugfest with BJP, PM hints at hiking fuel prices, curbing gold imports
-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...
More »Food Security Bill on shaky turf -KP Prabhakaran Nair
-The New Indian Express In 1948 when the United Nations passed the covenant ensuring the right to food, vis-à-vis the right to proper livelihood, to which India became a signatory, it did not envisage that the whole issue would be caught up in such an imbroglio - political and economic - as one witnesses today. The original covenant in article 25 ensures the "right to work and livelihood" and right to...
More »SC dept. asks to return tribal land acquired for mining
-The Hindu Palakkad (Kerala): The Scheduled Caste Development Department has recommended the Government to cancel the acquisition of 3.5795 hectares of land of nine tribal families for a private company for granite mining at Dhanyam tribal hamlet in Padavayal village of Attappady. Integrated Tribal Development Project (ITDP) officer of Attappady P.V. Radhakrishnan, on the complaint of usurping tribal land, on Friday said that the acquisition of all their land including houses made...
More »What Amartya Sen doesn't see -Arvind Panagariya
-The Times of India The ongoing 'Bhagwati versus Sen' debate has generated more heat than light, necessitating correction. As an equal co-author of India's Tryst with Destiny, which defines the Bhagwati position, my stake in the debate is second to none. Two extreme characterisations of the positions of the two sides have emerged. The first has it that the differences between them are minimal with each side expressing the same ideas in...
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