-IBN Agriculture and allied activities account for 14.1% of India's GDP in 2011-12 but the proportion of the people dependent for employment in this sector is as high as 58.2.The average annual growth rate of agriculture during the Eleventh Plan Period was about 3.6%. However, declining per capita availability of food grains is of major long term concern. For ensuring nutritional security, it is not only important to increase the per...
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Low growth may turn jobseekers back to farm sector: Crisil report -Remya Nair and Kirthi V Rao
-Live Mint Non-farm employment will increase by only 38 mn in financial years 2012-19, compared with 52 mn in FY 2005-12 New Delhi: The slowing economy will result in fewer jobs being added to industry and services in the next seven years and more workers moving back to farming, Crisil Research said in a report on Tuesday, indicating job creation will remain a key concern for the next government. Non-farm employment will increase...
More »India among world economies at risk of climate change impact
-PTI LONDON: India is among the "extreme risk" countries of the world where economic impacts of climate change will be most keenly felt by 2025, according to new research released on Wedesday. Kolkata and Mumbai are among the cities where the economic exposure to the impacts of extreme climate related events will be highest over the next 30 years, the report found. The annual release of British risk consultancy Maplecroft's 'Climate Change and...
More »Ripple effect of rising fuel prices: Get used to high food prices, RBI can do little to counter them -Avinash Celestine
-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...
More »The heat trap -R Suresh
-Frontline A World Bank report on climate change warns that a warmer world will trap millions in poverty. "Much of the advance of European capitalists and other members of the European ruling class was at the cost of the colonised and enslaved peoples of Africa, Asia and Latin America," says Amiya Kumar Bagchi in his book "Perilous Passage: Mankind and the Global Ascendancy of Capital." Capitalist expansion following the Industrial Revolution involved...
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