-The Hindu It is only due to the high rates of growth in the services sector that India’s overall economic growth appears robust. The world economy is so hard to predict. In 2008, as the global financial markets plunged into a crisis, high oil prices were considered to be one of the factors that caused it. Today, many fear that the world economy is on the edge of another recession. Guess what...
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Political economy of welfare -Richard Mahapatra
-Down to Earth The BJP-led government's change of heart for big-ticket rural programmes says a lot about its dwindling political fortune India's current political season has a nostalgic tint. Congress Vice-President Rahul Gandhi has apparently met party leaders to kickstart a campaign against the National Democratic Alliance’s (NDA’S) overt efforts to softly kill the erstwhile government’s flagship programmes. Particularly, the NDA government’s political decisions to not pursue the Mahatma Gandhi National Rural...
More »Centre okays Rs 4,000 crore for 7 drought-hit states
-The Times of India NEW DELHI: The Centre on Monday approved relief assistance of over Rs 4,000 crore for seven drought-affected states from the National Disaster Relief Fund (NDRF). The maximum Rs 1,737.65 crore will be released to Tamil Nadu, followed by Rs 1,193.41 crore to Rajasthan, Rs 336.94 crore to Jharkhand, Rs 332.57 crore to Assam, Rs 280.19 crore to Andhra Pradesh, Rs 170.19 crore to Himachal Pradesh and Rs 16.02...
More »Wheat output seen rising a little over 7 mt in FY16
-Business Standard Govt procurement target fixed at 30 mt in 2016-17, a bit more than in ongoing season; rice buying would be 35 mt Despite rough weather, wheat output would rise a little over seven million tonnes (mt) in 2015-16, enabling an increase in overall foodgrain production of one mt over the previous year, official advance estimates showed on Monday. Production of wheat is estimated at 94 mt, from 86 mt in 2014-15....
More »On the farm front, make a bold move -Ashok Gulati
-The Indian Express The budget is an opportunity for government to address the simmering discontent and disillusion in rural India. The first advance estimates of GDP growth, at 2011-12 constant prices, put the growth for FY16 at 7.6 per cent over the previous year. This is the highest growth rate in the first four years of the forgotten 12th Five-Year Plan. No wonder this makes the Narendra Modi-led NDA government somewhat...
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