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Highlights of Economic Survey 2014-15

-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

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How healthy is the soil?

-The Financial Express   Prime minister Narendra Modi has done well to launch a soil health card scheme, from Suratgarh in Rajasthan, which is slated to cover 14 crore farmers in the next three years. Soil health cards are an important component of agriculture reform since they help impress upon the farmer the damage done to the soil by excess use of the heavily-subsidised urea in comparison with other fertilisers. While the...

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Urban terror: Air pollution reduces life span by 3.2 years in India -Chetan Chauhan

-The Hindustan Times New Delhi: A new study says that high particulate matter (PM) pollution reduces life expectancy by 3.2 years for 660 million Indians in polluted urban conglomerates, including Delhi, which means a loss of 2.1 billion life years. "The loss of more than two billion life years is a substantial price to pay for air pollution," says the study done by researchers at Chicago University, Yale University and Harvard University."This...

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Food security, a slippery slope -S Ramadorai

-The Hindu Business Line   There's no Malthusian problem right now, but without sustainable farming the world will be in serious trouble Food security, a seemingly innocuous phrase, is fast becoming one of the most widely discussed topics of our time. A lot of us would associate ‘food security' as a challenge for the impoverished but it could potentially become a much more widespread problem straddling across geographic and economic divides. The issue of...

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The march down south -Vishwanath Kulkarni

-The Hindu Business Line Though migration of labour from the east has helped revive the plantations in southern India, questions remain on the long-term implications, Vishwanath Kulkarni reports As the harvest season starts in Coorg, Karnataka, coffee planter MC Kariappa has a lot of issues to contend with - Productivity, weather and, the biggest worry of all in recent times, paucity of labourers. So when a dozen labourers from Assam landed at...

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