-Reuters PERLE: As a shiny red harvester bounces across the black earth into the first row of sugar cane, excited schoolchildren run after it and several dozen men stand gaping in the wake of its swift progress. It's the first time that Perle, a village on the banks of the Krishna river in Maharashtra state, has seen a machine used for cutting the tough cane. "This machine will harvest my entire field today,"...
More »SEARCH RESULT
Rising rural, urban wages aiding inflation: RBI report
Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said. "The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate...
More »Give us growth and we’ll handle the inequality-Manas Chakravarty
Deng Xiaoping, the architect of modern China, had a sharp, snappy way of putting across what he wanted to say. Some of his eminently quotable quotes include: “It doesn’t matter if the cat is black or white so long as it catches mice” and “Poverty is not socialism. To be rich is glorious”. But there’s another, less well-known and even more controversial quote also attributed to him: “Let some people...
More »Not much on the plate by Samar Halarnkar
I have never been to Brazil's "beautiful horizon", Belo Horizonte, the country's third-largest metropolitan area and an information and bio-technology hub, but I have followed the city's progress against what was once its enduring shame: hunger. In 1993, when 11% of its 2.5 million people lived in absolute poverty and a fifth of Belo's children went hungry, a newly-elected government declared that food was a fundamental right of every citizen,...
More »The ‘corruption’ of the wretched
-Live Mint No other social sector programme has been criticized for being successful as has the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). So much so that it is not the inefficiency of the MGNREGS that is a problem, but its success that is seen as the reason for several problems facing the country. Even though it is still a small programme with annual spending of less than Rs.35,000 crore,...
More »