Popular Articles

Dissecting policy-making
Among professional Indian economists, C Rangarajan comes next only to Prime Minister Manmohan Singh in terms of the number of years spent in economic policy-making. His professional life, like that of the PM, began in academia. Both chose to be teachers and ended up in government. Both served as governors of the Reserve Bank of India (RBI). Both worked closely together during the crisis months of 1991-92. One went on to become prime minister, the other almost became union finance minister!

Govt approval on price mandatory: RIL to SC
Hearing in the gas row between the Ambani brothers entered the final phase in the Supreme Court today with Mukesh Ambani Group Reliance Industries (RIL) asserting that government approval on gas pricing is mandatory, a contention opposed by the Anil Ambani-led Reliance Natural Resources (RNRL).

News of the day

Sudoku puzzle
At the launch of Arvind Virmani’s book on Wednesday, Finance Minister Pranab Mukherjee said he was intrigued by the book’s title, The Sudoku of India’s Growth. He said he’d have thought that his chief economic advisor would not think India’s growth surge was a puzzle and that he would actually know what had driven the growth. Having got everyone laughing, Mukherjee said that though he had not read the book in any great detail, his interaction with Virmani had convinced him that though the growth may have puzzled many, Virmani actually had the key to the puzzle. Suman Bery of NCAER said meanwhile that the appropriate metaphor was not Sudoku but Rubik’s Cube.
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Investors wait for action on Jharkhand MoUs

The private players across the country who had signed MoUs since the constitution of Jharkhand as a new state bifurcating Bihar in 2000, have been eagerly waiting for the follow up action against their signed MoUs by the Shibu Soren-led ministry sworn in on last week by the Governor K Sankaranarayanan, ending over 11 months of President’s Rule in the state. - Soren to move confidence motion on January 7 - Soren to become J"khand CM with BJP support - Answers to last week's quiz (#125) - Bhopal gas tragedy victims to "treat" govt officials in protest - Slainte Mhor! - Rs 1.16 lakh cr MoUs during Koda rule The state had so far signed 71 MoUs with an investment of Rs 2,95,857.75 crore with the private players to set up industrial projects in the state. Jharkhand had seen seven governments in nine years since the state was constituted. The conditions laid down in the MoUs during all the years were not implements by any of the government which came to power. The Jharkhand government had failed to provide the required land to set up the industries. A senior state government official said that the state-owned vacant land in Jharkhand was negligible and so it did not go for land acquisition under the Land Acquisition Act 1894 and hence it was the investor’s responsibility to acquire land directly from the land owners. A revised rehabilitation and resettlement policy had been prepared in August 2008 but it could not be placed before the state Assembly for approval. The investors had to run from pillar to post to resolve their problems in absence of the Single Window System (SWC).


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