-The Business Standard Govt's unbalanced food policy has disastrous results Consider the following discrepancies in the farm sector. The country is now the world’s largest exporter of rice, a crop grown with huge quantities of scarce water and heavily subsidised fertilisers. At the same time, it is the leading importer of pulses, which require very little water to grow and fortify the land with nitrogen to reduce the fertiliser need even...
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Buddhadeb Bhattacharjee attacks 'faulty' business policy of MAMata government -Sanjib Chakraborty
-The Times of India KOLKATA: Days ahead of the Bengal Leads Summit much-touted investment summit by the MAMata Banerjee government in Haldia, former chief minister BuddhadebBhattacharjee on Sunday alleged that the state government's faulty policy on land acquisition and SEZ will drive away even the existing industries in Bengal. Bhattacharjee argued what good is a policy if it isn't enabling new industries in the state. "Infosys wants an SEZ status. Wipro wants...
More »Pilot schemes must stabilise to show the benefits of cash transfer system
-The Economic Times The government has done well to scale down the initial reach of the direct cash transfer system of handing out subsidies. Direct benefit transfer (DBT), as it is called now, will cover only 20 districts and seven scholarship schemes instead of 51 districts and 34 schemes planned earlier. Limiting coverage makes eminent sense. It is better to do a thorough job than to fumble at a MAMmoth task,...
More »Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
More »West Bengal sees turnaround in revenue collection
-The Times of India The West Bengal government has managed a turnaround in revenue collection, thanks to innovative use of technology and the impending need to raise resources and repair the state's tattered finances. Data shows tax receipts during the first quarter of 2012-13 have risen 35%. In 2010-11, before the Trinamool Congress-led government came to power, tax collection by the Left Front government stood at Rs 21,000 crore, while in 2012-13...
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