-The Hindu Business Line While the limitations of the concept of economic growth are acknowledged, we need a better index than HDI Despite claims that economic development as a branch of economic science emerged only in the 1950s, there is no doubt that the notion of development existed even in classical economic thought processes, emerging from the writings of Adam Smith and David Ricardo. The recognition of development economics as a discipline...
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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »Assam Losing Rs 200 Cr Annually Due to Floods: Economic Survey
-Outlook Guwahati: Assam suffers an average loss of Rs 200 crore every year due to devastating floods with nearly 40 per cent of the state's total land declared as flood-prone by the government. According to the Economic Survey, Assam for 2013-14 tabled in the Assembly during the ongoing Budget session, the average annual loss due to flood in Assam is to the tune of Rs 200 crore and in 1998, the loss...
More »The Deserted Village -MG Devasahayam
-Outlook The PM would do well to incorporate the Lok Nayak's convictions and what he stood for and not ape alien models to make India's villages as mere markets and show-pieces Narendra Modi was different from other Prime Ministers while addressing the nation from the ramparts of the Red Fort on 15 August 2014. He spoke of governing India through sahmati (consensus) not bahumati (majority) and sought the cooperation of people and...
More »75% of schools lack decent science labs: Survey -Subodh Varma
-The Times of India More than three quarters of schools in the country do not have fully equipped science laboratories for students in class 11 and 12, a survey of 2.4 lakh secondary and senior secondary schools has found. For classes 9 and 10, where an integrated science module is taught to students, over 58% schools don't have the requisite lab. "This is an atrocious state of affairs," says a sad Professor...
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