Fake entries and wrong entries have been the bane of the government’s flagship welfare plan — the National Rural Employment Guarantee Scheme (NREGS). However, Uttar Pradesh has found a way out. Starting July 2009, the state Department of Rural Development introduced the biometric smart card attendance system in 10 villages of two blocks, and in 2010, it plans to extend the same to at least one block in each of...
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Swaminathan for revolution in small farm management by T Nandakumar
A revolution in small farm management is essential to revitalise the country’s agriculture sector, according to noted agriculture scientist M.S. Swaminathan. Corporate farming would be detrimental to India. Farming was the largest private sector enterprise in the country, and any bid to take away land from the farmer would be counter-productive. But a symbiotic relationship between farmers and industry, resulting in a win-win situation for both, would be good, he...
More »Commodity prices likely to climb this year: IMF
The price of many commodities are expected to rise this year primarily fuelled by increased demand worldwide, the International Monetary Fund has said. The demand for commodities is anticipated to grow as the global economy is improving, after witnessing one of the worst financial meltdowns in 2009. "Looking ahead into 2010, prices of many commodities are likely to increase further. The demand side should generally be the main source of...
More »Monetary steps also needed to tame inflation: PMEAC
The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent. "We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required," said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former...
More »UN opens Biodiversity Year with plea to save world's life-supporting ecosystems
In a bid to curb the unprecedented loss of the world's species due to human activity – at a rate some experts put at 1,000 times the natural progression – the United Nations is marking 2010 as the International Year of Biodiversity, with a slew of events highlighting the vital role the phenomenon plays in maintaining the life support system on Planet Earth. “Humans are part of nature's rich diversity...
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