-The Business Standard   Much depends on a strong implementation framework but the imposition of a cap by the Planning Commission could lead to arbitrary exclusions. Himanshu Assistant Professor of Economics, School of Social Sciences, Jawaharlal Nehru University The methodology, which is based on the framework suggested by the Saxena Committee, uses indicators that have been refined using a large-scale pilot survey There are over 400 million poor (the number varies depending on which estimate you...

-PTI   Select food items, fuel and clothing grew more expensive in July, leading to a 1.47 per cent rise in the Consumer Price Index (CPI) vis-a-vis the month of June to 110.4 points. The CPI, based on retail prices, stood at 108.8 points in June, as per data released by the government on Thursday. At the all-India level, the CPI for 'food, beverages and tobacco' went up by 1.57 per cent to 110.3...

The ever-energetic Jairam Ramesh has unveiled a new land acquisition policy for discussion. He has taken on the difficult task of changing an old law whose implementation has led to a sorry mess in Nandigram, Singur and Noida, to mention only a few of the recent cases that have hit the headlines. India’s policy regime for managing land rights and land transactions is totally dysfunctional. Greedy politicians in state governments have...

• Without a clear definition of ‘public purpose’, the land acquisition bill is meaningless • The bill’s definition of ‘fertile land’ can potentially harm the agriculture sector • Government’s role in defining land will create economic and political problems in future As Parliament debates this month it will, hopefully, move beyond issues of corruption in high places to important economic legislation. Two such pieces of legislation are the land acquisition bill and...

-The Business Standard   The government’s move to allow an additional 0.5 million tonnes of sugar exports on top of one million tonnes permitted earlier is well intended. However, the total permissible exports are still not enough to adequately slash unsustainable inventories and improve the economic health of the sugar industry so that it can clear the mounting cane price dues. Given the robust rebound in sugar production in the current season (October...