-The Financial Express On December 21, 2013, the General Assembly of the United Nations voted to proclaim 2016 as the International Year of Pulses (IYP). On December 21, 2013, the General Assembly of the United Nations voted to proclaim 2016 as the International Year of Pulses (IYP). It followed unanimous votes in favour of declaring IYP 2016 by the Food and Agriculture Organisation (FAO) in April and June 2013. An International...
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Centre owes over Rs. 81,000 cr. to States
-The Hindu The amount is tax share of last 10 years The Centre owes over Rs. 81,000 crore to States as tax shares of last 10 years, according to a finding by the Comptroller and Auditor-General of India. According to details of communication between the CAG and the Finance Ministry, between 1996-97 and 2014-15, the Centre has failed to devolve to States Rs. 81,647.70 crore. Just in 2006-07 the Centre did not disburse...
More »Modi govt wakes up too late to the agrarian crisis -Sayantan Bera
-Livemint.com A look at the past three budgets shows that the government took note of the crisis only in 2016 On 24 April 2014, about a month before Narendra Modi-led National Democratic Alliance (NDA) formed a new government at the centre, the India Meteorological Department made an ominous forecast. The four-month-long southwest monsoon which irrigates more than half of India’s farmlands was likely to be deficient. Over the next few months the...
More »Job growth at a snail’s pace -Santosh Mehrotra
-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
More »Farm distress: Monsoon isn’t the only spoiler -Harish Damodaran
-The Indian Express Why the revival of exports matters as much as rains for Indian farmers. It is generally held that the woes of Indian farmers today have had largely to do with extreme weather events. The southwest monsoon failed in both 2014 and 2015. Besides, we had extensive crop damage from unseasonal rain and hailstorms over large parts of north, west and central India in March 2015. From this also follows the...
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