Like many board games that were developed in India, of which chess is perhaps the most important and famous, the game of “snakes and ladders” too emerged in this country a long time ago. With its balancing of snakes that pull you down and ladders that take you up, this game has been used again and again as a metaphor for life, telling us about our fortunes and misfortunes, and...
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Per Capita Income crosses Rs 50,000
-The Times of India The Per Capita Income of Indians for the first time crossed the Rs 50,000-mark in 2010-11, although using current prices as the barometer. According to the revised GDP data for the last financial year, Per Capita Income is estimated to have risen 16.9% to Rs 53,331 compared to Rs 46,117 in the previous year. The $1,000-average income of Indians is seen to be illusionary in economic circles as...
More »Rise of livestock by Richard Mahapatra
Agriculture sector undergoes a historic change as livestock surpasses the economy of food grain Policy makers in India are finally acknowledging a structural shift in the agriculture sector they have been noticing for a decade. Economic contribution of livestock is today more than that of food grain crops. Traditionally, of the three components of the sector—crops, livestock and fisheries—crops drove the growth, and food grains are a major part of it....
More »Economics, Gogoi style
-The Telegraph There is no jargon in Assam chief minister Tarun Gogoi’s brand of economics — there are only blankets and bicycles and other such mundane things that he feels the poor need. And he even got a nod from a man who has received the Nobel Prize for economics. Speaking at a discussion, flanked by Joseph Eugene Stiglitz, an economics Nobel laureate and Lord Meghnad Desai, professor emeritus at the London School...
More »DDA to deliver 8,000 houses for lower income groups this year
-The Hindu One lakh LIG/EWS housing units to be ready in three years Delhi Development Authority vice-chairman G. S. Patnaik on Tuesday reaffirmed the Authority's intention to deliver one lakh housing units for low-income and economically weaker sections of society within three years. He said construction of 20,040 EWS houses using prefab-technology was progressing and he expected to deliver 8,000 of these units in 2012. Mr. Patnaik said that 12,000 demand letters were...
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