-The Hindu Finance Minister P. Chidambaram’s budget for 2013-14 will be remembered not only for its strategies to stimulate economic growth and control fiscal deficit, but also for the importance given to the needs of the underprivileged sections of our society. In the field of agriculture, he has adopted the following three pronged strategy: 1. Defend the gains already made in the original green revolution areas like Punjab and Haryana: For this purpose...

-The Economic Times The agriculture ministry is seeking more budgetary support to increase farm sector growth rate to 4% per annum from 3.5% at present. "The allocation this year would be more as the country needs to produce more to provide food security to the nation," an agriculture ministry official said. "The scheme 'Bringing Green Revolution in Eastern India' has done well with increased funds of Rs 1,000 crore. We expect more...

-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...

-Outlook Andhra Pradesh today asked the Centre to increase the number of wage days under the Mahatma Gandhi National Rural Employment Gurantee Scheme (MGNREGS) from the present 150 to 200 to benefit non-farm labour and marginalised sections of the society. In his speech at the National Development Council meeting which was read out by Finance Minister Anam Ramanarayana Reddy, Chief Minister Kiran Kumar Reddy emphasised the need for synchronising MGNREGS with agriculture...

-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’...