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Future value of land in note to Sonia panel by Radhika Ramaseshan

The Sonia Gandhi-headed National Advisory Council is getting ready with its version of what the proposed land acquisition law and the accompanying rehabilitation and resettlement law should be. The bills are scheduled to be introduced in the winter session of Parliament after Prime Minister Manmohan Singh’s assurance to Rahul Gandhi. A note drafted by advisory council member N.C. Saxena, which was handed over to panel members when they last met in August,...

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Keynes-Hayek dilemma by KP Prabhakaran Nair

With more than 400 million Indians going to bed hungry each day, food security has become a crucial issue. On June 4 last year, the president made an announcement: “My government proposes to enact a new law — the National Food Security Act — that will provide statutory basis for a framework which assures food security for all. Every family below the poverty line in rural as well as urban...

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Changing crop pattern must to rein in prices

Food inflation will defy government policies to remain in high single-digit levels in the long run, unless there is a change in an overwhelming bias among farmers towards staples such as wheat and rice, say economists and policymakers. A steady growth in population and rapidly rising income levels are adding to inflationary pressure at a time when Agricultural productivity is showing a decline. A major reason is that the agriculture...

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CBI unearths major pension scam by S Vijay Kumar

11 postmen held for taking unauthorised commission Money involved is huge, says official The Central Bureau of Investigation on Monday unearthed a major scam in the disbursement of Old Age Pension (OAP) to senior citizens. Besides irregularities in the payout, investigators found that a majority of postmen took Rs. 20 as unauthorised commission from the beneficiaries. After a surprise check, special teams of the Anti-Corruption Branch arrested eleven postmen, including a woman, agency...

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Hungry for action by Harsh Mander

India has long been simultaneously a country of enormous wealth and desperate poverty. In recent decades, the distance has only grown between those who enjoy living standards comparable to the finest in the world, and the millions left far behind. Even as Indians crowd the lists of the world’s richest dollar billionaires, an estimated 200 million people sleep hungry. Half our children are malnourished and nearly a fifth severely so....

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