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India Economic Summit
Letters There were plenary and parallel sessions on global and national risks and how to mitigate them, issues affecting the flow of capital, multilateral trade treaties, India’s competitive strength and the growth agenda, how “smart” growth can happen, and so on. Then there were sessions on the urban renewal mission in major cities, how to enhance rural livelihoods and farm incomes, fighting HIV/AIDS as well as on promoting innovations in academia, etc. But the sessions lacked either a framework or a consensual agenda. In the 1990s, one of the UNDP’s Human Development Reports suggested five pitfalls that developing countries should avoid: (i) jobless growth; (ii) ruthless growth, that aggravates income disparities and regional imbalances; (iii) futureless growth, which disregards environmental and ecological concerns; (iv) voiceless growth that does not foster empowerment of weaker sections; and finally (v) rootless growth that erodes values and the cultural foundations of society. The current reforms to some extent have promoted ruthless growth by increasing regional disparities and promoting special economic zones, at the cost of thousands of farmers across the country. But the sessions did not touch on regional development issues and how farmers’ livelihoods would be protected. The sessions on rural development and water concerns lacked strategic content and direction. The CEO of Coca Cola India avoided referring to the water war his company has faced in Kerala and how corporations intend tackling the question of depleting water resources and the multiple users that depend on this increasingly scarce resource. The worst hit are the marginal farmers, but it appears, the corporate sector cannot think beyond water privatisation and price regulation. A session on electricity was structured to analyse how to generate power to maintain the tempo of 8 per cent growth in the country. But there was no discussion on roads – India’s most critical infrastructure. The Deloitte study on public-private partnerships (PPPs) shared in the Summit, should have been discussed because we keep hearing about PPPs in different states. According to the study: “To achieve its targeted GDP growth rates, the country will need to invest approximately US $250 billion in infrastructure over the next five years”. How this huge investment will be mobilised and managed, given the poor track record of state governments, should have been Subscription (Rs) Six One Two Three months year years years Institutions – 1250 2300 3300 Individuals 500 935 1750 2500 Concessional Rates Teachers/Researchers – 685 – 1800 Students – 450 – – Concessional rates are available only in India. To avail of these rates, a certificate from the relevant institution is essential. Remittance by money order/bank draft preferred. Please add Rs 35 to outstation cheques towards bank collection charges. Institutions – 1500 – 4150 Individuals – 1250 – 3500 (US $) Air Mail Surface Mail Institutions 1yr 2yrs 3yrs 1yr 2yrs 3yrs Sri Lanka, Pakistan and Bangladesh 80 150 200 65 120 175 Other countries 150 275 375 90 170 240 Individuals Sri Lanka, Pakistan and Bangladesh 50 90 125 30 50 75 Other countries 100 175 240 65 120 170 All remittances to: Economic and Political Weekly Hitkari House, 284 Shahid Bhagatsingh Road,
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Director : S L Shetty Economic and Political Weekly December 23, 2006 (Continued from p 5202) discussed. The centre alone cannot manage infrastructure development. It was unfortunate to hear Vilas Rao Deshmukh, Maharashtra’s chief minister say – when asked by Infosys’ Nandan Nilekani how come we do not hear about the mayor of Mumbai just as we keep hearing of the great work done by mayors in New York and London – that the mayoral institution has been ineffective in urban governance. There is no way that state governments and their babus alone can handle the massive infrastructure that is required without PPPs, according to Deloitte. In fact, the state political leadership should think of various options available within PPPs not just to build infrastructure but also to deliver efficient public services to citizens. The industry leaders do not hear the voice of the poor and the marginalised and the politicians hear the voice of the poor (their voters) only just before the elections. Finally, the Summit, unlike the earlier ones, did touch upon human development issues like fighting TB, HIV/AIDS, the global corporate citizenship initiative (GCCI), and honouring some NGOs as social entrepreneurs, which looked more like a public relations exercise by the WEF. Instead of just giving a certificate of appreciation to the social entrepreneurs, they should be honoured with a corpus fund by some corporate body so that they can continue their innovative social work. The majority of social entrepreneurs suffer from paucity of capital and the best award is a cheque than a certificate of appreciation! MANU N KULKARNI Bangalore Here are some guidelines fortake up to six to eight months from the address, day-time phone numbers andauthors who wish to make date of acceptance to appear in the email address. submissions to the journal. EPW. Every effort will, however, be made (The email address of writers in the Special to ensure early publication. Papers with Article, Commentary and Discussion immediate relevance for policy would be sections will be published at the end ofEPW welcomes original research papers considered for early publication. Please the article.) in any of the social sciences. note that this is a matter of editorial * Authors are requested to prepare their * Articles must be no more than 8,000 judgment. soft copy versions in text formats. PDF versions are not accepted by the EPW. Authors are encouraged to use UK Englishprocessed. EPW invites short contributions to the spellings (Writers using MS Word or this along with the submitted paper. poses challenges in processing. * Graphs and charts prepared in MS Readers of EPW are encouraged to send * All submissions will be acknowledgedcomments and suggestions (300-400 words) Office (Word/Excel) or equivalent software immediately on receipt with a reference on published articles to the Letters column. number. Quoting the reference numberare preferable to material prepared in All letters should have the writer’s full name in inquiries will help. jpeg or other formats. * Every effort is taken to complete early and postal address. * EPW posts all published articles on its web site and may reproduce them on CDs. processing of the papers we receive. Since we receive more than 35 articles Address for communication: EPW encourages researchers to comment every week and adequate time has to be Economic and Political Weekly, on Special Articles. Submissions should be provided for internal reading and external Hitkari House, 1,000 to 2,000 words. refereeing. It can take up to four 284 Shahid Bhagatsingh Road,
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