-The Hindu Communist Party of India (Marxist) Polit Bureau member Brinda Karat on Wednesday demanded an independent inquiry into the Comptroller and Auditor General (CAG) report, which has pointed out serious lapses and wrongdoings in the Rs. 52,000-crore farm debt waiver scheme. Ms. Karat was talking to journalists at the party office here, before resuming her programme of “Sangharsh Sandesh Jatha,” which began from Jallianwala Bagh in Amritsar on March 4. She said...
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A walk on the wild side
-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...
More »Economic Survey 2013: Indian agriculture largely a success story
-The Economic Times It is consoling that despite a deficit of 8% in south-west rainfall during 2012-13 compared to its long period average (LPA), agriculture's contribution to GDP growth is likely to be around 1.8%. It is also good news that the revised figure of agri-GDP for the 11th Plan as a whole is 3.6%, up from 3.3% estimated earlier. Gross capital formation in agriculture as a percentage of agri-GDP has almost...
More »Deciding who gets to eat -Brinda Karat
-The Hindu By allowing futures trade in food and diversion of farm land for commercial purposes, the UPA government is fuelling the price rise International agencies are warning of high food prices on a global scale in 2013 if urgent action is not taken. But our government shows little concern. The President’s address to Parliament had only a cursory mention of inflation. “Inflation is easing gradually, but is still a problem,” he...
More »Organic farming not a hot potato, meet Nalanda man who set world record!-Pankaj Kumar
-Governance Now Rakesh Kumar now swears by organic farming — in three years, he has maximised yield and minimised input cost If Rakesh Kumar is over the moon — and he has every reason to be, having just set the world record in per-hectare potato harvest — he does not show it. An unassuming man, the 35-year-old Nalanda resident smiles when you mention his record but for both Kumar and his family...
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