WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...
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Livestock rearing — key to Poverty Reduction strategies by Gavin Wall
From equity and livelihood perspectives, livestock rearing must be at the centre stage of poverty alleviation programmes. Livestock rearing is a key livelihood and risk mitigation strategy for small and marginal farmers, particularly across the rain-fed regions of India. Livestock products comprised 32 per cent of the total value of agriculture and allied activities in 2006-07 which was a noticeable increase from 27 per cent in 1999-2000 and from 1980-81...
More »Prof. Prabhat Patnaik (JNU) interviewed by Pragya Singh
The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...
More »Smallholders, rural producers key to slashing global hunger and poverty – Ban
Smallholders and rural producers have a vital role to play in overcoming global hunger and poverty, and new and varied partnerships are needed, with particular emphasis on the interests of women, Secretary-General Ban Ki-moon said today. “With more than 1 billion people now suffering from hunger, the highest number in human history, there is simply no time to lose,” he told the International Fund for Agricultural Development (IFAD), a specialized...
More »No financial crisis impact? India's poor grew by 34 mn by Rukmini Shrinivasan
It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...
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