Experts at a discussion on "Two decades of economic reforms: The way forward", organized by CII, Bihar state centre, said the economic reforms had not lessened the urban-rural divide; hence rural people could not generate substantial demand in the economy, though the savings rate enhanced in the last two decades. Director, Asian Development Research Institute, P P Ghosh, said the savings rate had increased from 12% in 1951 to 35%...

The United Progressive Alliance government on Friday unveiled its second draft Bill addressing the burning issues of land acquisition as well as rehabilitation and resettlement (R&R). The National Land Acquisition and Rehabilitation and Resettlement Bill, 2011, as recommended by the National Advisory Council, will make it mandatory that gram sabhas are consulted and the R&R package is executed before the acquired land is transferred. Union Minister of Rural development Jairam Ramesh...

The proposed land acquisition bill unveiled by the Centre today will not override provisions of two landmark laws that seek to protect the interests of tribal landowners, thereby addressing a serious concern of states like Jharkhand where bulk of the land being eyed by industry is in forests inhabited by tribals. On a day the Draft National Land Acquisition and Rehabilitation & Resettlement Bill, 2011, was put in the public domain,...

The Centre today unveiled a draft land acquisition bill that seeks to replace a 117-year-old law, prohibits the acquisition of multi-crop irrigated land and includes in the definition of “public purpose” plots for companies. The government posted the draft National Land Acquisition and Rehabilitation and Resettlement Bill, 2011, on four websites, seeking comments from the public and all stakeholders. (See chart) The draft makes it clear that the government is not amending...

Rural job scheme NREGA will be revamped to address problems such as delayed wage payments, lack of asset creation and poor skill development among the workers. “There are several structural issues in NREGA. The scheme will be restructured in the next one month,” Rural development minister Jairam Ramesh said on a day the Sonia Gandhi-headed National Advisory Council reviewed problems in the UPA’s showpiece welfare programme. Ramesh said the NAC’s suggestions would...