-Outlook 7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year)...
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Dream loot for powerful -Buddhadeb Ghosh & Anjan Roy
-DNA Mahatma Gandhi National Rural Employment Guarantee Act, popularly knowns as NREGA, is the most romantic and largest development project in human history. It is extremely popular and invited widespread hatred. It embodies remarkable scope for alienated people and effortless corruption for powerful people at the lower level. The amount spent on it over the last nine years is about Rs3.50 lakh crore. The average number of jobs generated per year...
More »NREGS in Rajasthan: Rationed Funds and Their Allocation across Villages -Himanshu, Abhiroop Mukhopadhyay, and MR Sharan
-Economic and Political Weekly The performance of National Rural Employment Guarantee Scheme in Rajasthan was debated for its stupendous performance in the initial years of the scheme, but also for the relative sharp decline after 2010. Based on a large representative primary survey, this paper argues that the decline in performance of this scheme in Rajasthan is not entirely due to the lack of demand. Instead, the supply-driven top-down nature of...
More »Amartya Sen wins John Maynard Keynes Prize
-The Hindu Professor Sen will receive £7,500 to commission a work of art and will give the annual Charleston-EFG Keynes Lecture at the Charleston Festival in the UK Economist and Nobel laureate Amartya Sen has won the newly instituted Charleston-EFG John Maynard Keynes Prize. "In the spirit of John Maynard Keynes' work, life and legacy, this new global prize recognises Professor Sen's outstanding contribution to society," a release accessed here said on Monday. Regarded...
More »How to reap a good harvest -Ajay Jakhar
-The Indian Express I recently witnessed protests in Berlin, against industrialised farming and the planned free-trade agreement between the European Union and the United States, under the banner "We Are Fed Up". Trade issues resonate across Europe, but in India, farmers are oblivious to the inevitable consequences of trade agreements. However, the government seems keen to address issues related to farmers. Yet, success on the farm front can be delusional if...
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