Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...
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Why Bharat isn’t India by Paranjoy Guha Thakurta
The widening chasm between India and Bharat is perhaps best reflected in the manner in which electricity is consumed. The neon-lights of Mumbai and Delhi beckon many with their glitter, but large swathes of territory across the country literally remain in the dark more than six decades after political independence. The government remains obsessed till today with building mega power projects — even our first Prime Minister Jawaharlal Nehru had second...
More »Crushed in the middle by Ramachandra Guha
As the Union government prepares to launch an offensive on Maoist revolutionaries, I am reminded of three conversations that I heard or had in Chhattisgarh in the summer of 2006. The first took place in the state capital, Raipur, at the home of the leading Congress politician, Mahendra Karma. Karma was the begetter of the Salwa Judum, a vigilante army that has been responsible for a wave of killings, rapes...
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KEY TRENDS • Suicide by self-employed persons in agriculture as a percentage of total suicides at the national level stood at 15.6 percent in 1996, 16.3 percent in 2002, 14.4 percent in 2006, 13.7 percent in 2009, 11.9 percent in 2010, 10.3 percent in 2011, 11.4 percent in 2012 and 8.73 percent in 2013. Suicides committed in the farming sector (by farmers plus agricultural labourers) as a proportion of total suicides in India was 9.4 percent in...
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Output and Growth According to the [inside]Economic Survey 2017-18, Volume-2[/inside] (please click here to access): • The growth rates of agriculture & allied sectors have been fluctuating at 1.5 per cent in 2012-13, 5.6 per cent in 2013-14, (-) 0.2 per cent in 2014-15, 0.7 per cent in 2015-16 and 4.9 per cent in 2016-17. • The Gross Capital Formation (GCF) in Agriculture and Allied Sectors relative to Gross Value Added (GVA) in...
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