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Falling employment, low wages and food inflation -- the rural economy is in pain -Siraj Hussain

-Moneycontrol.com With priorities of the government changing, the agriculture sector is unlikely to see any major initiatives and reforms Inflation based on Consumer Price Index (CPI) for November is further proof that agriculture produces only marginal surpluses. Only last year, observers were worried that the planners were not engaged enough to see that India is now surplus with most agricultural commodities. Please click here to read more. ...

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Redesign fiscal policy to fire up infrastructure growth -Ejaz Ghani

-Livemint.com India’s manufacturing sector is moving out of costly and congested cities to rural areas in order to stay competitive. But poor infrastructure is hampering its growth The global economic downturn has raised concerns about the effectiveness of conventional economic policies, which were designed for stabilization, and not for reviving growth in developing countries. Rural distress, spatial disparities, the gender divide and climate change, all combined with the threat of low and...

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IIP shrinks again, inflation accelerates

-The Hindu Food inflation is at a 40-month high Industrial activity contracted for the third consecutive month in October by 3.8%, driven by a fall in activity across sectors, according to official data released on Thursday. Separate data showed that retail inflation had surged to a 40-month high of 5.54% in November, driven by rising food inflation. The Index of Industrial Production (IIP) had contracted by 4.3% in September and 1.1% in...

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Explained: Sowing a new Seeds regime -Harish Damodaran

-The Indian Express Govt plans to change existing law to ensure availability of quality seeds to farmers. How will the proposed Bill to replace The Seeds Act, 1966 meet its objective of ‘regulating quality of seeds for sale, import, export’? The existing 1966 law already provides for regulation of the quality of seeds. What does the new Bill seek to change? The current Act only covers “notified kinds or varieties of seeds”. Thus,...

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Pronab Sen, director IGC India, interviewed by Asit Ranjan Mishra (Livemint.com)

-Livemint.com Pronab Sen, director IGC India, speaks about the state of the economy, the challenge before the 15th Finance Commission and the controversy surrounding India’s statistical system NEW DELHI: Pronab Sen, country director of the International Growth Centre (IGC), had a long and distinguished career in the government as the principal adviser in the Planning Commission, the first chief statistician of India as well as the chairman of the National Statistical Commission....

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