-The Hindu Agriculture and allied sectors show improvement The Central Statistical Office (CSO) released on Friday estimates of 2013-14 Gross Domestic Product (GDP) growth, pegging it at 4.9 per cent. In 2012-13, the economy grew at 4.5 per cent, the lowest in a decade. Since the growth during the April-September 2013 was 4.6 per cent, a full-year CSO estimate of 4.9 per cent implies that the economy is expected to grow at...
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MGNREGA: A tale of wasted efforts
-Live Mint The scheme represents Rs.2.3 trillion spent on wasteful rural consumption This week marked the eighth anniversary of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the United Progressive Alliance (UPA) government's key rural intervention, launched in 200 districts initially in February 2006. To the extent that such populist schemes helped raise wages without raising productivity. They have contributed more to inflation than to rural wealth. Worse, such schemes have...
More »Immunisation as a matter of justice-Ramya Kannan
-The Hindu The critical issue in India, where the pentavalent vaccine is being rolled out, is raising the coverage levels of immunisation "Immunisation is not an election issue. It should be." Seth Berkley, CEO, GAVI Alliance, is not known for mincing his words. Throw in the immense experience he brings in from the area of vaccination, and he is easily the most articulate global proponent of immunisation. In India recently to meet...
More »How to deal with growing inequality?
-Live Mint Reducing poverty through growth matters more than reducing inequality Income inequality is back on the radar of politicians and policymakers, if it had disappeared in the first place. The World Economic Forum's Global Risks 2014 report highlighted severe income inequality as one of the top 10 global risks. In a speech in London on Monday, Christine Lagarde, managing director of the International Monetary Fund (IMF), paid special attention to...
More »Heavy burden on the young
-The Hindu The 13.1 per cent rate of unemployment in the 15-24 years age-group globally is more than twice that among the adult population. With one million more young people joining the ranks of the jobless in 2013, the world's youth are facing a disproportionate burden, says the latest report of the International Labour Organisation. The Global Employment Trends report 2014 also records slow progress of late in reducing levels of vulnerable...
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