-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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Changing landscape -Jitendra
-Down to Earth Land devoted to non-agricultural use has increased three-fold since Independence. It is set to increase further and faster, according to this article extracted from the latest State of India's Environment report, published by Down To Earth and Centre for Science and Environment In 2014, India was expected to bring down widespread land conflicts. This is because the country got a new land acquisition law in November 2013 after more...
More »Food insecurity -TK Rajalakshmi
-Frontline A critique of the report of the high-level committee on restructuring the FCI and reviewing its role by TK Rajalakshmi SOON after assuming power at the Centre, Narendra Modi's National Democratic Alliance government set up a high-level committee on re-structuring the Food Corporation of India that was mandated to make the food management system more efficient. It was headed by Shanta Kumar, former Union Minister for Rural Development and former Chief...
More »Minimum support price cannot be 50% more than cost of produce, Centre to SC -Dhananjay Mahapatra
-The Times of India NEW DELHI: Farmers' plight has worsened due to the non-remunerative nature of agriculture but the Centre on Friday told the Supreme Court that it would not be able to enhance the minimum support price (MSP) for agricultural produce to be 50% more than the input cost. A PIL filed by Consortium of Indian Farmers Association had complained that agriculture had become non-remunerative and was driving farmers to borrow...
More »Drought in Marathwada: Ground water levels dipping every year, focus shifts to conservation -Kavitha Iyer
-The Indian Express Mumbai: Of the 76 talukas that comprise Marathwada, 61 show a drop in ground water levels compared to the previous year's post-monsoon data. But with monsoon 2015 having provided just over 53 per cent of the already poor average rainfall of 779 mm in the region, the dip in ground water levels is hardly surprising. The more alarming news, say officials, is the continuing dip in water tables in...
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