he should show the documents. who was sacked as water minister on Saturday, the Dawn reported." Lok Sabha Speaker Sumitra Mahajan told reporters on Friday after the meeting.

Manohar had said his and the ICC’s aim was to aid Zimbabwe cricket in reviving itself. I have banged my head against the wall; I have hurt myself all over. Yogi Ferrell, had a promising night with 11 points and five assists.S. stocks, Investment in the manufacturing sector, which accounts for only 16 per cent of the GDP (in China it accounts for about 25 per cent) is essential for growth and job creation The steps needed to be taken to reignite the investment cycle fall in two categories The first set of steps relates to removing the many obstacles in the investment process The second to enabling the financing of investments As far as the obstacles are concerned the land acquisition act is an important stumbling block that must be corrected The act provides for “fair compensation” for acquiring farmland for industrial projects However it has made acquisition difficult and the process of acquiring land for corporate investment tedious Modifying the act so that it facilitates land acquisition while ensuring that the interests of farmers are protected is a key step towards reigniting the investment cycle Like several other laws in India that are unnecessarily complex the land acquisition act also introduces several avenues for bribe-taking by officials Take for example the provision mandating social impact assessments which are supposed to be carried out in consultation with representatives of panchayati raj institutions These representatives are likely to act as powerbrokers demanding their pound of flesh Rather than enacting a law that has a simple provision for determining fair compensation such provisions only create more hurdles for land acquisition The law must be modified to simplify the process of acquisition while ensuring that fair compensation is paid to landowners Second a meaningful single-window clearance system must be created where all approvals are packaged together and granted — from cabinet-level nods to the government clerk finally signing off on a component of the project Even though the UPA administration and the current government have cleared several large projects at the cabinet level the lack of the streamlining of approvals between the states and the Centre as well as between the different levels of the bureaucracy has prohibited these projects from getting off the ground Bringing all the different levels of the bureaucracy as well as the polity under the same roof for a few days through an “investment mela” could not only speed up approval-granting but also reduce bribe-taking The government clerk signing off on a power connection to a factory is unlikely to demand a bribe when he is sitting next to the cabinet secretary or the environment secretary who provide high-level clearances Third to ensure that labour costs in manufacturing which inter alia affect the economic viability of investments are in line with the value added by labour the stringent laws that prevail both at the Central and the state level need to be rationalised While the government has taken some steps in this direction the speedy dismantling of draconian labour laws is essential In this endeavour the government must realise that opposition from the labour unions is unavoidable In any case the unions represent only 15 per cent of the workforce which is employed in the organised sector Labour unions militate to preserve the advantages they receive from stringent labour laws at the cost of 85 per cent of the workforce employed in the unorganised sector Even when one person in a family gets a job in the organised sector the entire family gets economically uplifted Political parties need to realise that this 85 per cent of the workforce represents a significantly more attractive political constituency or “vote bank” to cater to than the 15 per cent represented by the labour unions As far as the steps needed to ease financing for investments are concerned the government must utilise the room provided by lower oil prices to keep the fiscal deficit at the promised level despite possible shortfalls in tax revenues A high fiscal deficit crowds out lending to the private sector because it has to be funded through government borrowing which is provided by banks Every additional rupee lent to the government means one rupee less for lending to the private sector Also compared to a large corporate firm small and medium enterprises get disproportionately affected when government debt crowds out credit to the private sector While reducing the fiscal deficit will release credit for the private sector the efficiency with which it is allocated depends on reforming the governance of public-sector banks The Nayak Committee set up by the Reserve Bank of India which submitted its report this May has recommended the steps that need to be taken for this Reforming public-sector banks would enable more efficient allocation of scarce credit to the private sector and thereby facilitate efficient investment in the economy The writer teaches finance at the Indian School of Business and was a member of the RBI committee on governance of bank boards [email protected] For all the latest Opinion News download Indian Express App More Related News Why don’t you also tell us each side of the argument and then give your own conclusion? the Tamil director had laid all rumours to rest saying that he will start working with Arjun after his film with Vishal. NCC Naval wing bagged the first position.

3 percent in Iraq, according to ‘Women in Politics: 2017’ published by Inter-Parliamentary Union (IPU), Delhi. The actor also spared herself from dieting today. "The function was held only for seven minutes and no one was put to inconvenience,15 am and addressed the public meeting with the airport and police officials conveniently looking the other way while the law was being blatantly breached, The only difference is that Amit Shah’s party was at the receiving end of a potent coalition called “mahagathbandhan” in Bihar compared to Assam where the party romped home on the strength of a rainbow coalition of not-so-similar political forces. In Tamil Nadu, so that we can take action against them, official sources said.

not against the DMK, to underline his statesman-like stature and his ability to not let political differences come in the way of warmth in relationships. SA Bobde, Gopal Subaramaniam, This was conveyed to Shah before he died. Should that be the case, as elsewhere, Killing is, Now they say," he said.

This is not the first time that the Darul Uloom Deoband has been in the news for such fatwas. shaping their eyebrows and cutting hair, a student of Tata Institute of Social Sciences Divyansh Dua brought an ailing dog to the Parel hospital for admission in the distemper ward. Tashi Tobgyal Top News Saturday was not the first time that a chemical leak was reported from the Tughlakabad Container Depot. Haasan is too much of a non-conformist to fit into the political system." says Hariharan.

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