-Zee News Agriculture is consistently losing its importance in India's economic growth. The agriculture sector contributes to just 15 percent of India's Gross Domestic Product (GDP), but over 50 percent of the population is still dependent on it. The farm sector, including forestry and fishing, grew by 3.2 percent in the quarter ending September, as compared o 3.8 percent in previous quarter and 4.7 percent in 2013-14. For the entire financial...
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Food Corporation to implement major recommendations of high-level panel -Madhvi Sally
-The Economic Times NEW DELHI: In a major boost to reforms in food procurement and distribution, the Food Corporation of India (FCI) has assured the government it will be able to implement major recommendations of the high-level panel that has recommended a complete revamp of the body that plays a key role in the country's food security. The panel has made path-breaking recommendations such as direct cash transfer for fertilizers and grains...
More »Slowdown in rural wages not a temporary phenomenon -Ishan Bakshi
-Business Standard While the revised estimates of the gross domestic product (GDP) suggest the Indian economy turned the corner in 2013-14, concerns remain over the durability of this nascent recovery. Particularly worrying is the recent slowdown in rural wage growth, which signals a weakening of rural demand. Growth in rural wages, which had averaged 18 per cent in the previous few years, fell to less than five per cent in September...
More »The twist in the growth story -C Rangarajan
-The Hindu Reforms must be part of a continuing agenda. The basic principle guiding reforms must be to create a competitive environment with a stress on efficiency. In many ways the coming decade will be crucial for India as growth is the answer to many of its socio-economic problems The data on national income released recently give a new twist to India's growth story. The most significant change is with respect to...
More »The Questions We Should Be Asking Frequently About the Land Acquisition Act -Usha Ramanathan
-GRISTMedia.com In the course of my work as part of a team set up to look into the socio-economic status of Adivasi communities, there were several things I learned about the Land Acquisition Act, 2013, and the amendments to it. Here are some important questions about land and the Act that we should be asking: * What is the State's relationship to land and its citizens? This a key question - and one...
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