NoMORe Report Card: Economy, India, 2014

The report card breaks down the performance of the government across five key subjects: 1) Relationship Between State and Industry:Analyzes the Land Acquisition terms, noting that the requirement for seeking "consent" and "assessment impact" has been diluted to facilitate industrial growth. It also mentions the government's move to auction coal mines and minerals, questioning the commercial viability of nationalized banks. 2) Protecting National Interests: Evaluates government actions regarding foreign investment, specifically mentioning moves to allow 100% Foreign Direct Investment (FDI) in certain sectors like insurance, contrasting it with previous protectionist stances. 3) Policies and Programmes for the Poor:Examines social welfare schemes like MGNREGA and Health Rights. It notes "cut backs" in funding and a shift in how these programs are implemented, expressing concern over their effectiveness in reaching the poorest populations. 4) Legal and Institutional Reforms: Highlights changes like the abolition of the Planning Commission, which was replaced by NITI Aayog. It also touches upon labor laws, such as allowing children under 14 to work in "family enterprises," which has sparked debate regarding child labor protections. 5) Macro Policies and Their Impact: Focuses on GDP figures and growth claims. It notes a discrepancy between the government's claimed growth rate (e.g., 6.5%) and other economic indicators (e.g., 5%).