Good news for Bihar on the economic front. According to the Economic Survey 2010-11, tabled in the Legislative Assembly on Wednesday, the state’s annual per capita income doubled in five years, gross domestic product (GDP) saw a steady growth and the number of vehicles increased three fold. The annual per capita income went up to Rs 17,590 in 2009-10 against Rs 8,528 in 2004-05. The average GDP growth for the period...
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How not to tackle the black economy in India by Arun Kumar
Technically, we know how to check the black economy but the problem is political. More studies or committees and treaties with foreign governments are only to stall action. Another Joint Parliamentary Committee has been announced. The government has been trying to create an impression of being proactive with regard to tackling the black economy. The President's address and the speech by Sonia Gandhi in January mentioned the need to curb it....
More »Walking the fiscal tightrope by Laura Papi & James P Walsh
With India growing faster than almost every other large economy, the government is right to address its long-run challenges. The push for investment in infrastructure is bearing fruit and the expansion of social programmes such as the National Rural Employment Guarantee Act (NREGA) and the Right to Education Act (RTE) is spreading the benefits of growth across the population. But just as improved infrastructure doesn’t eliminate all traffic jams, rapid growth...
More »Infrastructure push vital to achieve growth target by Sujay Mehdudia
Continued poor performance of some key infrastructure sectors cause for concern As India is on the path of achieving 8.5 per cent economic growth, aiming to exceed the 9 per cent growth mark next fiscal, the biggest worrying factor that could derail this horse power of growth and play spoilsport in the “growth story” of the UPA II government is the poor state of infrastructure and its tardy pace of development...
More »Govt likely to bring millet, fodder under food security mission by Sanjeeb Mukherjee
Buoyed by its success in increasing pulses production in India through effective implementation of National Food Security Mission (NFSM), the government is likely to bring production of millet and fodder under the mission’s ambit in the forthcoming Budget. The programme which will be on the lines of accelerated pulses production programme (A3P) is expected to be operationalised in the next one year. Officials said this programme, which would be part of NFSM...
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