The Economic Survey has warned that more than half the population is dependent on a sector whose share in the economy is shrinking, leading to a bigger urban-rural divide and threatening national food security. "Achieving minimum agricultural growth is a prerequisite for inclusive growth, reduction of poverty levels, development of the rural economy and enhancing of farm incomes," the Survey has said. But it offers no path-breaking solutions on how to meet...
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Green rating challenge
-The Telegraph The economic survey has challenged an international assessment that has ranked India 125, or near-bottom, among 132 countries on environmental performance, but has acknowledged that air pollution has increased to alarming levels. The survey, released by the Union government today, has questioned the methodology of the Environmental Performance Index 2012 that has assigned air quality in India a rank of 132, the worst in the world, and similarly low ranks...
More »Budget 2012: NGOs welcome idea of promoting private investment in irrigation
-The Economic Times The NGOs and experts working in water sector have welcomed the idea of promoting private investment in irrigation sector. "There is need and large scope for participation of private sector in the irrigation sector. The success will however will depend upon how the details are worked out taking views of local people and NGOs into consideration," said Dr Madhav Chitale, former secretary, Ministry of Water Resources. The Finance Minister...
More »India faces rising labour force, inequality-Prashant K Nanda
Sounding a note of caution, the Economic Survey has stressed that for “growth to be inclusive” India must create adequate employment opportunities—a call that underlines existing inequality, including urban-rural income disparity, and concern that it may increase as more young people enter the job market. While India’s unemployment rate has dropped from 8.2% in 2004-05 to 6.6% in 2009-10, the number of jobless is still huge in absolute terms. The...
More »Assam’s farmers losing interest in rice cultivation
-IANS Farmers of Assam, that recently boasted of having a record rice harvest, are losing interest in paddy cultivation, saying they were facing financial ruin in the absence a minimum support price and adequate procurement centres for their produce. Rice production is going down as the Food Corporation of India (FCI) has not fixed the price to buy back the farmers’ produce, say farmers’ representatives. And there are only 20 FCI procurement...
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