WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...
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Food for poor, growth for all by Suman K Shrivastava
Ranchi: It was a budget aimed at sweetening the bitter price rise pill. From cutting down VAT on diesel, sweets and ice- cream to making foodgrains available at Re 1 per kg for the poor, deputy chief minister Raghubar Das today presented an annual budget which focused on rural development, food security and social welfare. Chanting the “inclusive growth” mantra, Das, the BJP face in the Shibu Soren government, showed...
More »Try a new recipe by Ashok Gulati and Kavery Ganguly
The Central Statistical Organisation estimate of overall GDP being likely to grow at 7.2 per cent this year has brought back the confidence of the industry and policymakers that the economy has truly turned the corner. But the growth of the farm sector is almost flat (-0.2 per cent), though this too is a pleasant surprise given that it was exposed to the worst drought since 1972. The real worry...
More »Now, a farmers’ suicide SENSEX by Sadiq Naqvi
Nearly 2 lakh farmers committed suicide in India since 1997. The share of big five states accounted for 1,22,823 suicides in this 12 year period. The data compiled by the National Crime Records Bureau points out that 16,196 farmers in India ended their life in 2008. K Nagaraj, an economist, in his report Farmers' suicides in India: Magnitude, Trends and Spatial Patterns, says, "The title to land was taken as the...
More »World’s poorest countries must diversify economies to beat poverty – UN
Economic diversification is vital if the world's most poverty-stricken countries, some of them depending on a single or a few raw materials or commodities, are to escape their predicament, a top United Nations trade official said today. “Some countries had been successful in diversifying their economies, in creating jobs, in improving governance,” UN Conference on Trade and Development (UNCTAD) Secretary-General Supachai Panitchpakdi told the opening session of a two-day meeting...
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