-Outlook Prime Minister Manmohan Singh today emphasised on the need to shift large surplus farmers to non-agriculture sector, saying per capita income of farmers would rise only when fewer people engage in farming. He also said farmers' income and agri-land yields need to be enhanced to meet the growing foodgrains demand in the coming years, building on the success of the 11th Plan. Addressing the 57th meeting of the National Development Council (NDC),...
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The Real Winners and Losers of Globalization -Branko Milanovic
-The World Bank It is generally thought that two groups are the big winners of the past two decades of globalization: the very rich, and the middle classes of emerging market economies. The statistical evidence for this has been cobbled together from a number of disparate sources. The evidence includes high GDP growth in emerging market economies, strong income gains recorded for those at the top of the income pyramid in the...
More »Weft and warp of a crisis-Vivek S & Aseem Shrivastava
-The Hindu Though more people in India are in the textile sector, than in any other of the economy, bar agriculture, hostile and indifferent government policies are giving it short shrift Handloom weavers from all over the country are on a 72-hour hunger strike at Jantar Mantar in New Delhi from today in protest against the government’s textile policy. The protest is led by Rastra Cheneta Jana Samakhya, the State Handloom Weavers’...
More »All to the sweat shop-Bhavdeep Kang
-Tehelka Here are the gaping holes in the argument for FDI in retail. No smooth talk can pave over it TOUTED AS a cure-all for India’s economic ills, Foreign Direct Investment (FDI) in multi-brand retail is at best an anodyne, and at worst, toxic. It is an attempt to lift markets by fabricating sentiment; signalling an economic turnaround without any concrete steps being taken to trim the fiscal deficit or boost manufacturing. All...
More »At Kudankulam’s core is fear, ignorance and anger -Meera Srinivasan
-The Hindu To many in Idinthakarai, the village that sits cheek by jowl with the nuclear plant, the entire idea is a betrayal. Others see brighter prospects. As the reactor prepares to go critical, Meera Srinivasan assesses the mood in the project area. Seated at the entrance to her tiny home, R. Pramasakthi is busy rolling beedis. “What? Interview? We don’t need the nuclear plant,” she barked. Asked why, the 35-year-old mother of...
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