This is a statement sent in by V.R. Krishna Iyer, a former Judge of the Supreme Court, who is based in Kochi: Some of the provisions of the Free Trade Agreement (FTA) that India recently signed with the Association of South East Asian Nations (ASEAN) will weaken India’s, and specifically Kerala’s, rubber sector because Malaysia and a few other countries that are a part of the ASEAN will flood the...
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Cost of right to education: Rs 1.78 lakh crore
After the euphoria comes the real test. The cost of implementing the historic Right to Education Act over the next five years by Centre and states works out to a whopping Rs 1.78 lakh crore. The new law will come into force from the next academic year and since right to education is now a fundamental right, it is mandatory on the part of the government to provide what is demanded....
More »Rising prices: What is the govt doing? by Paranjoy Guha Thakurta
The spectre of inflation has returned to haunt India. It is not even six months since the United Progressive Alliance (UPA) government returned to power but its inability to control food prices is arguably its single biggest failure till now. The inflation rate will eventually come down sometime in the (hopefully) not-too-distant future and the government will surely take credit for bringing prices down as and when that happens. But...
More »Free Trade Agreement will benefit India: Scindia by Priscilla Jebaraj & Shyam Ranganathan
Concern over the domestic economy should not result in barriers on free trade, according to Union Minister of State for Commerce and Industry Jyotiraditya Scindia. While the country would benefit from opening itself up further to international competition, he promised that the interests of farmers and labour-intensive industries would be protected. In a discussion with journalists from The Hindu group on Wednesday, Mr. Scindia defended the Free Trade Agreement (FTA)...
More »Measuring progress by Jayati Ghosh
A commission set up to look into alternative ways of measuring economic and social progress has added to the existing debate but not made any real advances. FOR some time now it has been clear that standard measurements of growth and development are inadequate and possibly even misleading. The problem of looking at only the aggregate gross domestic product (GDP) has been widely noted: its blindness to distributional issues and...
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