-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

-The Hindu Business Line Radha Mohan Singh, the Union Agriculture Minister, lent vocal support to genetically modified (GM) crops on Friday stating that technologically enhanced seeds could help India realise its food security ambition and believed it held great promise in minimising productivity losses particularly on account of abiotic stress factors like floods and drought. "While agriculture feeds the nation, seeds feed agriculture... Bt Cotton in Gujarat, Maharashtra, Andhra Pradesh, Karnataka and...

-Economic and Political Weekly   The performance of National Rural Employment Guarantee Scheme in Rajasthan was debated for its stupendous performance in the initial years of the scheme, but also for the relative sharp decline after 2010. Based on a large representative primary survey, this paper argues that the decline in performance of this scheme in Rajasthan is not entirely due to the lack of demand. Instead, the supply-driven top-down nature of...

-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...

-PTI Hyderabad: The Andhra Pradesh government has signed a pact with the International Crop Research Institute for the Semi-Arid Tropics (ICRISAT) to provide assistance in making agriculture sustainable and profitable. "The agreement with ICRISAT is part of the State Government's plans to increase productivity of agriculture and allied sectors," the state government said. The Memorandum of Agreement was signed yesterday in the presence of Chief Minister N Chandrababu Naidu by Special Chief Secretary...