-The Indian Express India’s premier farm research and education institute has a full-time director after nearly four years. It is an institution whose blockbuster varieties account for more than 95% of the country’s Rs 32,800-crore annual basmati rice export revenues, nearly half of its total wheat area, and a quarter of that sown under mustard. Yet, the Indian Agricultural Research Institute (IARI, better known as Pusa Institute) has an annual research budget...
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63 Indian billionaires wealth higher than the Union Budget for 2018-19: Oxfam
-PTI * Oxfam said the combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 * The report flagged that global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade Davos: India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70...
More »Budget 2020-21: Will MGNREGA become an overarching rural development scheme -Richard Mahapatra
-Down to Earth The upcoming budget will see many schemes being brought under the rural employment programme; a direct cash transfer may be declared to top this up Union Budget 2020-21 will be a landmark for Prime Minister Narendra Modi. Not just because India is going through an economic slowdown, but also for the fact that it will herald a countdown for many of his ambitious promises that come with prime ministerial...
More »Explained: A new controversy on India's fiscal deficit -Udit Misra
-The Indian Express In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data. On the face of it, India’s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues,...
More »Reality check: on govt projecting slower GDP growth
-The Hindu Misplaced optimism needs to cede ground to tangible policy interventions The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic Product (GDP) will expand by 5% in the 12-month period, in line with the Reserve Bank of India’s sharp downward revision last month in its...
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