-The Guardian India's PM points to Gujarat as an emblem of economic success. But despite impressive growth, the state lags behind on welfare Narendra Modi has just unveiled his first budget after winning a massive electoral victory on a development platform. The budget presented last week has disappointed those who were expecting stronger signals about a pro-market shift in economic policy, as well as in the stock market. However, the budget has...
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Agriculture sector: Challenges & Reforms Required
-Press Information Bureau/ Ministry of Finance The Economic Survey 2013-14 released in New Delhi today has highlighted several challenges and reforms required in the agriculture sector. The Economic Survey states that as a concomitant of growth, the share of agriculture and allied sector in gross domestic product (GDP) declined to 15.2% during the Eleventh Plan and further to 13.9% in 2013-14 (provisional estimates-PE). While it still accounts for about 54.6% of...
More »Poverty ratio declines to 21.9 per cent
-Press Information Bureau/ Ministry of Finance The Economic Survey 2013-14 presented by the Finance Minister Shri Arun Jaitely has asked policy makers to design and execute development strategies targeting the young population that was approximately 58 per cent in 2001 and will increase to more than 64 per cent in 2021. The Government has to take timely action to make people healthy, educated and adequately skilled. Social-sector expenditure Expenditure on social services...
More »Two chaiwallahs and a budget -Sowmya Kidambi
-The Hindu Unlike the success story of the tea stall owner who became Prime Minister, there are many others whose dreams have been forgotten. But their lives have been rebuilt by MGNREGA Right next to the village home in Devdungri, Rajsamand, Rajasthan where I lived and worked with Mazdoor Kisan Shakthi Sangathan from 1998, live Chiman Singh and his wife Meera. Both of them used to migrate to Ahmedabad for six months...
More »Get over the growth fetish -Ashish Kothari
-The Hindu Business Line Perpetual growth is a piece of nonsense. The focus should be on protecting livelihoods through sustainable means Construct a building, demolish it, reconstruct, break it down again, and go on repeating this meaningless exercise. You will have economic growth, as currently measured. But no net gain in employment during the endless cycle of construction and demolition, no net increase in productive capacity, and no appreciable change in poverty...
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