-The Hindu Despite agriculture and allied activities accounting for only 14.1 per cent of the GDP in 2011-12, the Economic Survey recognises the sector’s role in the country’s economy as ‘much bigger’ with its share in total employment being as high as 58.2 per cent. Fast agriculture growth and reforms in the sector remain vital for jobs, income and Food security, the Survey notes, while reinforcing the need for setting the growth...
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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 »Budget 2013-14: Rs. 1,000 crore each for women, youth funds
-The Hindu "To the women of India - we have a collective responsibility to ensure the dignity and safety of women. Recent incidents have cast a long dark shadow on our credentials. As more women enter public spaces...there are more reports of violence against them. We stand in solidarity with our girl children. We pledge to everything possible to keep them swcure. A number of measures are in the works...
More »Economic Survey: Focus on subsidy is Budget highlight: PwC
-MoneyControl.com The Survey calls for a re-prioritization of expenditure especially in the subsidy front by cutting down the subsidy bill in case of Oil and Fertilizer and by increasing the efficiency of Targeted Public Distribution System (TPDS) and Direct Benefit transfer. “The Survey calls for a re-prioritization of expenditure especially in the subsidy front by cutting down the subsidy bill in case of Oil and Fertilizer and by increasing the efficiency of...
More »Budget 2013: Super rich to pay more but no changes in income tax rates or slabs
-CNN-IBN Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with...
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