-The Economic Times A change in the national accounts, slated to take place sometime in the next two years, will show that a resurgent farm sector is now the second biggest contributor to the economy, displacing manufacturing and financial services. The unexpected reversal is not just a statistical artefact. Instead it is an outcome of a change in the terms of trade, the price of agricultural produce compared to industrial output since...
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Disparity in income getting sharper, NSSO data shows-Asit Ranjan Mishra
-Live Mint In urban India, the ratio of the top and bottom 10% of the economic group increased to 10.9% from 10.1% Economic growth is increasing the income and consumption levels of the average Indian faster than before, but income disparity is getting sharper, especially in the country’s villages, which may require a greater effort aimed at creating jobs in the non-farm sector in rural areas. The increase in inequality is evident from...
More »To know, is to protect-Madhav Gadgil and Ligia Noronha
A scientific and public scrutiny of the methodology used by the expert panel will only add to the efforts to save the Western Ghats. On May 23, the Ministry of Environment and Forests (MoEF) posted the report of the Western Ghats Ecology Expert Panel (WGEEP) on its website honouring a landmark judgment of the Central Information Commission triggered by an activist seeking access to the material. In this judgment, the CIC...
More »Bihar is country's fastest growing state at 13.1% by Mahendra Kumar Singh
Bihar, which was synonymous with poverty, has emerged as the fastest growing state for the second year running, clocking a scorching 13.1% growth in 2011-12. Not just that, on the back of four years of double-digit growth, its economy is now bigger than that of Punjab—until recently the preferred destination of Bihari migrant workers. Among the top five states, Bihar is followed by Delhi and Puducherry. Mineral-rich Chhattisgarh, which many had...
More »Lalgarh’s missing M-Arnab Ganguly and Pronab Mondal
August 9, 2010, Lalgarh Ramkrishna Higher Secondary School: As many as 10,000 people stand in rapt attention. Another 40,000 people are stuck on the roads leading to the venue. The speaker: Mamata Banerjee, railway minister. April 24, 2012, Lalgarh Ramkrishna Higher Secondary School: Between 2,500 and 3,000 people listen to a speech on peace and development. Some start wandering around before the 30-minute speech is wrapped up. The speaker: Mamata Banerjee, chief minister. April...
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