-The Hindu Unsustainable import competition and the end of the investment subsidy that the sale of under-priced resources provided to Indian companies are the main reasons why the economy has slowed down What has been called the ‘golden age’ of India’s economic growth was underpinned by global integration, high rates of investment and savings growth and low current account deficits. The slowdown is characterised by a sharp deceleration in investment growth on...

Madhya Pradesh's Gross Domestic Product ( GDP) growth rate has swelled to 12 per cent in the last fiscal from 8 per cent in 2010-11, according to the revised estimates, officials said on Friday.  Besides, the state, having agrarian economy, recorded 18 per cent agriculture growth rate in 2011 - 12, they added.  The economic and agriculture growth is bound to benefit a huge populace engaged in construction and agriculture sector by...

-The Telegraph   Ashok V. Desai,consulting editor of The Telegraph and chief consultant to the finance minister when Manmohan Singh launched the economic reforms, takes a deep dive into statistics to figure out what is wrong with the economy as Pranab Mukherjee leaves the finance ministry and Singh takes charge The growth rate of gross domestic product is reported to have come down. What does that mean? Before the question can be answered,...

-The Hindustan Times The labour ministry has proposed a minimum pension of Rs. 1,000 a month for all those who subscribe to the Employees’ Pension Scheme (EPS). If implemented, the move will benefit nearly 3 million workers engaged in small and medium enterprises with higher retirement benefits. Under the EPS 95 scheme, which has been in operation since 1995, a part of the employees’ provident fund contributions are set aside into...

-The United Nations World leaders, along with thousands of participants from governments, the private sector, non-governmental organizations and other groups will come together from 20-22 June in Rio de Janeiro, Brazil, to take part in the UN Sustainable Development Conference (Rio+20).   The Conference aims to shape how countries and their citizens can reduce poverty, advance social equity and ensure environmental protection to achieve long-term growth. Seven key areas have been identified by the...