Without fertilisers, said Normal Borlaug, the world would need two billion people to volunteer to just disappear. Obviously, it makes sense to increase the supply of fertilisers rather than to look for those volunteers. Sense, however, is in short supply in India’s fertiliser policy , and we have a supply shortage of the stuff. The domestic price of fertiliser has been static since 2002 and the domestic industry has seen...
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Rs 1 lakh crore budget funds go unspent each year by Pradeep Thakur
While the government is grappling with a huge fiscal deficit and hence large borrowings to fund key social sector schemes, staggering sums of up to Rs 1 lakh crore in a year out of the money allocated to various ministries remained unspent between 2005-06 and 2007-08. Unspent provisions of Rs 100 crore each or more alone totalled Rs 59,000 crore in these years, according to the Comptroller and Auditor General....
More »No financial crisis impact? India's poor grew by 34 mn by Rukmini Shrinivasan
It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...
More »Government should have acted against hoarders: Abhijit Sen by Gargi Parsai
Planning Commission member Abhijit Sen on Monday said the government should have acted with more firmness against hoarders and speculators, to curb price rise. Dr. Sen said that whenever prices start rising some people see in it an opportunity to make money. The government should have acted against such a tendency with a firm hand. He was speaking to journalists on the sidelines of the Green Revolution II conference organised by...
More »State turns new leaf with job scheme by Santosh K Kiro
Jharkhand has pulled off a remarkable turnaround in funds utilisation for the Centre’s flagship rural employment scheme, spending around Rs 500 crore in just over four months after September 2009 when it was pulled up by the MGNREGS director in New Delhi for poor implementation. Of Rs 1,600 crore allocated so far to the state under the Mahatma Gandhi National Rural Employment Scheme for the current fiscal (April 2009 to...
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