-PTI Pune: Ahead of the Budget, Prime Minister Narendra Modi on Saturday assured investors more reforms as he rolled out the red carpet to multinationals, inviting them to make use of the large pool of highly talented youth in the country. "I invite all those who want to participate in the economic development of the country to generate employment for our youth. Your (investors) growth is also linked to our growth," the...
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Why ending poverty in India means tackling rural poverty and power -Vanita Suneja
-Oxfam Blog Vanita Suneja, Oxfam India's Economic Justice Lead, argues that India can't progress until it tackles rural poverty. This entry was posted on 3 February 2015. More than 800 million of India's 1.25 billion people live in the countryside. One quarter of rural India's population is below the official poverty line - 216 million people. A search for economic justice for a population of this magnitude is never going to be...
More »Dream loot for powerful -Buddhadeb Ghosh & Anjan Roy
-DNA Mahatma Gandhi National Rural Employment Guarantee Act, popularly knowns as NREGA, is the most romantic and largest development project in human history. It is extremely popular and invited widespread hatred. It embodies remarkable scope for alienated people and effortless corruption for powerful people at the lower level. The amount spent on it over the last nine years is about Rs3.50 lakh crore. The average number of jobs generated per year...
More »Budget 2015: The need for an overhaul in Indian agriculture sector -Ajeet Kumar
-Zee News Agriculture is consistently losing its importance in India's economic growth. The agriculture sector contributes to just 15 percent of India's Gross Domestic Product (GDP), but over 50 percent of the population is still dependent on it. The farm sector, including forestry and fishing, grew by 3.2 percent in the quarter ending September, as compared o 3.8 percent in previous quarter and 4.7 percent in 2013-14. For the entire financial...
More »A fuel’s errand -Santosh Mehrotra
-The Indian Express The finance minister plans to scrap the supply of subsidised kerosene through the public distribution system (PDS) and high time, too. To begin with, why has the kerosene subsidy needed reform for decades and yet reform never materialised? Kerosene obtained through the PDS, being cheaper, is used to adulterate diesel and petrol. Kerosene leakages in the PDS are estimated to be 40 per cent of total allocations. The diversion...
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