Noted development economist and Planning Commission member Abhijit Sen talks about how government funds find their way into insurgent hands, and why the government is unable to check this. There are a number of reports that suggest that development funds are landing in the wrong hands. What are the various aspects of fund diversions? It's a well-reported fact that public money is finding its way into the hands of extremists. There...
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Displacement
KEY TRENDS • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...
More »Overcoming the Malthusian scourge by Jeffrey Sachs
Complexity and unsolved problems are at the very heart of the sustainability challenge, and at the very heart of M.S. Swaminathan's thinking and essays. In 1798, Thomas Robert Malthus offered the piercing insight that geometric population growth would inevitably outstrip food production, leaving society destitute and hungry. Since that time, our optimism of beating the “Malthusian curse” has waxed and waned. Few people in modern history have done more to help...
More »People-friendly growth by BG Verghese
The Supreme Court on May 7 ruled that natural resources were national assets that belonged to the people and were ideally exploited by public sector undertakings. This obviously implies that local communities, including tribals, living on mineralised land, enjoy entitlements but not prescriptive ownership rights to such national assets. This is an important reiterative clarification defining mineral rights in Fifth Schedule areas that are currently in contention. Whether PSUs should...
More »Ensure long run for food coupons by Shanto Ghosh
SINCE THE RELEASE OF THE ECONOMIC Survey, 2010, in February, much has been discussed — but far less debated — on the issue of substituting India’s public distribution system (PDS) with a food coupon-based targeted subsidy programme to benefit the below-poverty-line (BPL) families. As a leading proponent of this programme, the economic adviser to the finance ministry, Kaushik Basu, has gone on record advocating the use of food coupons declaring...
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