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Arun Sundararajan, Professor of Information, Operations and Management Sciences at Stern School of Business, New York University interviewed by Uttam Sengupta

-Outlook Only 30 per cent of Indian households boast of having at least one member with a ‘portable identity’ like a Passport or a Driving License. Such an identity, points out the economist from New York, is necessary for access to institutions and credit, which is why the biometric based Unique Identification (UID) project is going to be a game-changer. An alumnus of IIT, Madras,, from where he obtained a B.Tech...

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New markers to label forest areas ‘inviolate’

-The Indian Express A committee set up by the Ministry of Environment and Forests has suggested new parameters to declare pristine forested areas as ‘inviolate’ and thus out of bounds for mining or other harmful non-forest activities. The panel, headed by former environment secretary T Chatterjee, has recommended that national parks and wildlife sanctuaries; areas within a kilometre of protected areas; compact patches of very dense forests; last remnants of forest types...

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NABARD scraps controversial scheme for corporate warehousing -Shalini Singh

-The Hindu The National Bank for Agriculture and Rural Development (NABARD), whose funding of corporate warehousing projects on terms far softer than those offered to poor and often suicidal farmers was highlighted by The Hindu last month, has withdrawn its controversial scheme with retrospective effect under pressure from the Reserve Bank of India. The minutes of a meeting of the sub-committee of the NABARD Board held last month confirm that the RBI...

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Business by other means -Ajoy Ashirwad Mahaprashasta

-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...

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Planning Commission pitches for management overhaul of Railways -Priyadarshi Siddhanta

-The Indian Express The Planning Commission has criticised the Railways for failing to attract private sector participation in its multi-crore Infrastructure projects and has called for overhauling its management to allow “relevant experts” to be part of its decision making process. In its comments to a recent Cabinet note moved by the Railways to promote participatory models for rail connectivity and capacity augmentation, the commission argued that for the past two years...

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