How economically sustainable is food subsidy? The cost could even be double of what the government estimates Food deprivation and malnutrition are completely unacceptable and everything has to be done to eliminate such an evil. The prevalence of malnutrition in a country like India is in itself a cause for serious concern since malnourished children may jeopardise India’s favourable demographic dividend (as per independent estimates, close to 60 per cent of...

-The Economic Times   High agricultural wages due to the success of government's flagship employment guarantee programme has hindered the development of micro enterprises in the hinterlands, says a research paper by Indian School of Business (ISB). The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has facilitated poverty alleviation in rural areas, it has discouraged village-level entrepreneurial ventures, the study has concluded. MGNREGA entitles 100 days of employment in a year to...

-Reuters   Global warming will get worse as agricultural methods accelerate the rate of soil erosion, which depletes the amount of carbon the soil is able to store, a United Nations' Environment Programme report said on Monday. Soil contains huge quantities of carbon in the form of organic matter. which provides nutrients for plant growth and improves soil fertility and water movement. The top metre of soil alone stores around 2,200 billion tonnes of...

Worried at the prospect of having to match the arbitrary minimum wage rate fixed by the states, the central government is considering changes in the law to specify a separate wage norms for its flagship rural employment guarantee scheme that is undergoing a complete makeover under minister Jairam Ramesh.  The centre has already contested in the Supreme Court a Karnataka High Court interim order directing it to align wage rates under...

The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard. There...