-The Economic Times "Are we knowledge-proof?" asked the late Prof Raj Krishna. As memorable as his other coinage, the Hindu rate of growth, this question is relevant, given our current growth strategy. The SME sector is a vibrant part of the economy, accounting for 40% of manufacturing and generating jobson a scale second only to agriculture. The figures are similarly significant for handicrafts and handlooms. According to the Tenth Plan, GDP from handicrafts...
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PM tells nation: Trust me on reforms, I will deliver
-The Hindustan Times Prime Minister Manmohan Singh on Friday strongly justified the hard economic decisions he had taken recently and asked the common man for support so that he could repeat his 1991 act - rescuing Indian economy from being at the bottom of the heap. "I promise you that I will do everything necessary to put our country back on the path of high and inclusive growth," he said during his...
More »India ranks with Africa on nutrition; 50% children underfed
-The Economic Times India is in the bottom of the world's maiden nutrition barometer along with countries like Angola, Cameroon, Congo and Yemen. The barometer — announced by Save the Children on Thursday — has analyzed the governments' commitments and outcomes in improving nutrition in 36 countries, which are home to 90% of undernourished children. The study has also compared the governments' performance in tackling under nutrition and child mortality. It has found...
More »Reforms in power utilities, sugar subsidy on the cards
-The Economic Times The government is pushing ahead with long-awaited reforms to boost finances of cash-strapped power utilities and to reduce food subsidy by raising the price of sugar in ration shops, but the cabinet meeting to consider these moves has been deferred to next week. Sources said the government was also considering a proposal to increase the dearness allowance for central government employees by about 7%. This should come as a...
More »Govt allows FDI in multi-brand retail, aviation
-Reuters India opened its supermarket sector to foreign chains on Friday after months of dithering, pushing ahead with the boldest reforms yet in Prime Minister Manmohan Singh's government as it tries to revive the country's tottering economic growth. The government has decided to allow foreign airlines to buy stakes of up to 49 per cent in local carriers, heavy industries minister Praful Patel said on Friday, in a much-awaited policy move that...
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