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Highlights of Economic Survey 2014-15

-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

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Why organic farming has not caught up yet in India -Enamul Haque and Amir Hashmi

-The Hindu Business Line   Farmers don't get premium for their produce in the initial stages during transition to this agriculture Development of organic agriculture as an alternative tool to address the ill-effects of chemical-based cultivation practices is a recent phenomenon in India. It had achieved dramatic progress in the beginning but could not maintain the pace. The growth of organic agriculture in India has been accomplished by three categories of farmers. The first...

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States object to cash transfer of food subsidy -Sayantan Bera

-Livemint.com Odisha, MP among those saying the move may compromise food security in some of the nation's poorest parts New Delhi: Plans by the centre to initiate cash transfers to poor households under the public distribution system (PDS) may run into trouble, with some States-notably Odisha and Madhya Pradesh-raising objections on the grounds that such a move may compromise food security in some of the poorest parts of the country. The States'...

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That ’70s show: ‘Levy rice’ to end in October -Sandip Das

-The Financial Express The government has decided to dispense with "levy rice", a mandatory system under which rice millers also undertake rice procurement for the public distribution system by buying paddy directly from the farmers, effective the next marketing season starting October. The system, introduced way back in 1978, is set to be withdrawn as the government felt that a lack of effective supervision often allowed the millers to avoid paying minimum...

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An Unhealthy Health Policy -Ruhi Kandhari

-Tehelka National Health Policy 2015 draft could end up being a paper tiger Successive governments since the reforms of 1991 have been criticised for low funding on health, lowest in the world. Nearly one percent of India's gross domestic product (GDP) is spent each year on public health. But the new government has pledged to turn the tide around by increasing government spending to 2.5 percent of GDP in the draft health...

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