-The Indian Express Wells dry up across 8 districts, storage down to less than 8%, residents trudge long distances, officials brace for worst drinking water crisis in 40 years. Beed/ Parbhani (Maharashtra): Seventy-year-old Parobai Shinde, carrying an aluminium pot that has seen better days, is briskly walking the 2-km stretch from her home in Manyarwadi village in Georai taluka in Beed district to Bharat Sonmali’s field. Sonmali is reploughing his 30...
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India's vulnerability to drought poses credit challenges: Moody's
-India Infoline News Service Mumbai: Efforts at the central and state government level to improve rural infrastructure, food distribution and non-agricultural employment opportunities are credit positive because, if sustained, they are likely to lower the credit challenges that India's vulnerability to drought poses. Moody's Investor's Service says that although India (Baa3 positive) may avoid drought this year, its economy remains vulnerable to future droughts or fluctuations in rainfall, and its sovereign credit...
More »With Economy on an Upturn, India Needs to Unlock Investments to Accelerate Growth, says World Bank
-The World Bank A World Bank study shows creating productive assets can help make MGNREGS cost effective New Delhi– The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the...
More »Odisha sees red at cash transfer plan -Subrat Das
-The Telegraph Bhubaneswar: The state government has opposed the Shanta Kumar Committee's recommendation for direct cash transfer through the public distribution system (PDS) instead of subsidised food grain supply to the beneficiaries. Officially, the state's opposition is based on the argument that cash transfer would affect farmers, as procurement from them would stop. However, sources said the state was worried about the move's fallout on its scheme providing rice to the poor...
More »CAG rips into famed Gujarat growth model
-The Times of India GANDHINAGAR: The Comptroller & Auditor General (CAG) of India report tabled in the state assembly on Tuesday raised several question marks on the much-famed Gujarat Model. The report tore apart the tall claims of the state government led by former chief minister Narendra Modi on agricultural growth, social indicators and spent on social infrastructure, fiscal discipline, right to education, and law and order situation. The report observed that Gujarat's...
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