-The Times of India NEW DELHI: Concerns of industry took a backseat as political parties, spurred by the oncoming election season, joined hands in Lok Sabha on Thursday to pass the land acquisition bill that enshrines consent of landowners and steep hikes in compensation. As when the food security bill was passed earlier this week, competitive populism took centrestage with Congress toasting Rahul Gandhi as the inspiration behind the legislation and BJP...
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Don’t blame the Food Bill
-The Hindu The currencies of India, Indonesia, Brazil, South Africa and Turkey have fallen quite dramatically against the dollar in the past few months. Whatever their domestic weaknesses, the reasons for this unprecedented decline - ranging between 13 to 21 per cent - are primarily global. In the past 48 hours, as tension mounts in West Asia, an already unprecedented situation has become even more difficult. On Wednesday, the rupee, as...
More »Reviving Land Reforms?-Harsh Mander
-Economic and Political Weekly The government has notified a Draft Land Reforms Policy which, on paper, has all the requisites of an earnest programme. Yet, the near total failure of earlier efforts at land reforms in India leave little room for hope that something substantial will at last be done to combat landlessness. Harsh Mander (manderharsh@gmail.com) is with the Centre for Equity Studies, New Delhi, and works with survivors of mass violence,...
More »Indian Economy.destroyed by mindless consumption -Bharat Jhunjhunwala
-The Hindustan Times In his Independence Day address, Prime Minister Manmohan Singh said the rupee is down because of the global economic crisis. A look at the events of the last decade reveals otherwise. When the global Economy.was doing well between 2002 and 2008, the rupee was stable at about Rs. 45 to a dollar. When the global crisis erupted in 2008 and continued until 2012, the rupee held stable...
More »Infra no more a tearjerker: Govt clears big-ticket investment projects worth Rs 1.1 lakh cr -Vikas Dhoot
-The Economic Times NEW DELHI: Big-ticket investment projects worth Rs 1.1 lakh crore, stuck for years for want of myriad government clearances, have finally got the green signal to start operations. The Centre has unravelled last-mile hurdles holding up 28 such projects at a time Prime Minister Manmohan Singh has identified the government's primary task as reinvigorating confidence in the Indian Economy. with domestic players having virtually abandoned fresh investments. The clearances would...
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