-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
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India’s unfinished agricultural and rural revolution -Uma Lele
-The Financial Express The BJP's resounding Lok Sabha victory after years of policy paralysis raised a widely-shared hope that the government, led by PM Narendra Modi, will put India back on track by resuming inclusive growth. And that agriculture and rural development would be at the centre of the agenda. Half the employment still comes from agriculture, though it contributes just 14% to the GDP. India contains the largest number of...
More »Land acquisition: First, sow the seeds of security among farmers -Abhijit Banerjee
-Hindustan Times Many years ago, Jagdish Bhagwati, a very distinguished economist long before he became one of the patron saints of the NDA, published an important paper on what he called Directly Unproductive Activities or DUP. These bore a close relation to what his friend and well-known South Asia scholar, Anne Krueger, had called rent-seeking activities in some slightly earlier work. Both made the important point that the social cost of...
More »Defying RTI, undermining democracy -Trilochan Sastry
-The Hindu For two years, national political parties have defied the RTI Act that they themselves passed. They have not sought legal remedy either by appealing against the CIC order declaring them to be Public Authorities. If lawmakers defy the law in this fashion, it sets a bad precedent. Political parties should be more accountable if they break the law, not less Six national parties in India, the Bharatiya Janata Party (BJP),...
More »The long road to growth -TR Shankar Raman
-The Hindu As power lines and roads slice up forest cover, it becomes clear that a knowledge economy must tackle development with a wider perspective than that of mere short-term gains In just two meetings in August 2014 and January 2015, the National Board for Wildlife considered projects involving over 2,300 hectares of land in and around wildlife sanctuaries and national parks. In four meetings between September and December 2014, the Forest...
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