-The Times of India LUCKNOW: For the Akhilesh Yadav government, the burgeoning unemployment problem comes as a daunting challenge. The 66th round of the National Sample Survey Organisation (NSSO) report puts the projection of unemployed youth in Uttar Pradesh in the age group of 15-35 at whopping 1 crore by the end of the ongoing 12th Five Year Plan (2012-17). They will be in addition to the backlog of around 32...
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A lot in the budget for agriculture -MS Swaminathan
-The Hindu Finance Minister P. Chidambaram’s budget for 2013-14 will be remembered not only for its strategies to stimulate economic growth and control fiscal deficit, but also for the importance given to the needs of the underprivileged sections of our society. In the field of agriculture, he has adopted the following three pronged strategy: 1. Defend the gains already made in the original green revolution areas like Punjab and Haryana: For this purpose...
More »Budget 2013: Agriculture Ministry seeks more fund allocation to push output
-The Economic Times The agriculture ministry is seeking more budgetary support to increase farm sector growth rate to 4% per annum from 3.5% at present. "The allocation this year would be more as the country needs to produce more to provide food security to the nation," an agriculture ministry official said. "The scheme 'Bringing Green Revolution in Eastern India' has done well with increased funds of Rs 1,000 crore. We expect more...
More »Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
More »Increase Wage Days Under MGNREGS to 200: Reddy
-Outlook Andhra Pradesh today asked the Centre to increase the number of wage days under the Mahatma Gandhi National Rural Employment Gurantee Scheme (MGNREGS) from the present 150 to 200 to benefit non-farm labour and marginalised sections of the society. In his speech at the National Development Council meeting which was read out by Finance Minister Anam Ramanarayana Reddy, Chief Minister Kiran Kumar Reddy emphasised the need for synchronising MGNREGS with agriculture...
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