-The Economic Times Finance Minister P Chidambaram has allocated Rs 80,194 crore to Ministry of Rural Development in Budget 2013. Giving the emphasis on education, Chidambaram said Budget 2013 will allocate Rs 65,867 crore to the HRD ministry. My budget's overarching goal is to create opportunities for our youth, he said. More than the fiscal deficit, Chidambaram said his greater worry is the current account deficit. In his Budget speech, he said the 'passion...
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Economic Survey 2013: Indian agriculture largely a success story
-The Economic Times It is consoling that despite a deficit of 8% in south-west rainfall during 2012-13 compared to its long period average (LPA), agriculture's contribution to GDP growth is likely to be around 1.8%. It is also good news that the revised figure of agri-GDP for the 11th Plan as a whole is 3.6%, up from 3.3% estimated earlier. Gross capital formation in agriculture as a percentage of agri-GDP has almost...
More »Local electronics units pin big hopes on National Optic Fibre Network, project to bring broadband to 2.5 lakh villages-Neenu Abraham
-The Economic Times BANGALORE: It is one of the most expensive and ambitious projects in India's technology history connecting 2,50,000 gram panchayats in the country with a fibre optic network. It would need Rs 21,000 crore and as it is being planned now, the project needs exceptional project management, cutting-edge technology, and close coordination between several government agencies. While the government is preparing to start the project in the next two months,...
More »Food Bill neglects kids, says Amartya Sen
-The Business Standard The Nobel laureate says neglecting children is not only unjust but also an economic blunder Nobel laureate Amartya Sen said the National Food Security Bill needs to be strengthened to include children’s entitlements. According to him, the Bill, in the current form, neglects children. He pointed out that there are powerful lobbies for diesel and LPG subsidies, and even for exemptions of custom duties on gold Imports. However, nobody is...
More »Food bill needs to be strengthened: Amartya Sen
-Pratirodh.com Speaking to an enthralled audience of 1,500 students and faculty at IIT (Delhi) , Nobel laureate Amartya Sen said that the idea of the National Food Security Bill was “a matter of appreciation and support”, and that the tabling of the Bill in Parliament was in itself a big achievement. However, he also drew attention to various shortcomings of the Bill and argued for it to be strengthened, particularly in...
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