The Government does not bother to know what crops are being sown “India's daily turnover from vegetables and fruits could be easily about Rs. 275 crores (US$ 59 million). The estimated cost of ‘wastage' per day, is around Rs. 130 crores (US$ 27 million). In summary, it's a lot bigger than some of the Indian IT sector's daily turnover”, says Mr. Venkat Subramanian, Founder and Managing Director, Matchbox Solutions, a company...
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More bang for the buck from Non-NREGA work
Public employment created by non-NREGA public works may just be giving more bang for the buck than NREGA, around a fourth more going by the findings of the NSS survey on employment in 2007-08. In which case, the finance minister would do well to keep the spending for NREGA under check. According to the NSS 2007-08, a total of 477 million mandays of work were created under non-NREGA public works and...
More »Plug the hole in the bucket by Santosh Mehrotra
Thanks to the Right to Information Act, 2005, and also the activism of NGOs and of the media, a culture of accountability is growing in the country. That is the good news. However, the media, NGOs and RTI activists can only do so much. They can focus the attention of the public and parliamentarians on egregious scams, but rarely address the systemic flaws that result in leakage of funds. We have...
More »Walking the fiscal tightrope by Laura Papi & James P Walsh
With India growing faster than almost every other large economy, the government is right to address its long-run challenges. The push for investment in infrastructure is bearing fruit and the expansion of social programmes such as the National Rural Employment Guarantee Act (NREGA) and the Right to Education Act (RTE) is spreading the benefits of growth across the population. But just as improved infrastructure doesn’t eliminate all traffic jams, rapid growth...
More »Investing in 'green economy' can boost growth, reduce poverty – UN report
Investing around $1.3 trillion – or two per cent of global gross domestic product (GDP) – into ten key sectors can kick-start a transition towards a low-carbon, resource-efficient 'green economy' that can also help reduce poverty, says a new United Nations report launched today. The UN Environment Programme (UNEP) presented the report, “Towards a Green Economy: Pathways to Sustainable Development and Poverty Eradication,” to environment ministers from over 100 countries at...
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