-PTI India’s monsoon, vital for Asia’s third-largest economy, has been 22% deficient till June 26, official data showed, adding to the government’s worries and prompting Prime Minister Manmohan Singh to consult key aides on measures to tone up the economy on Wednesday. In a revised forecast, the Met department predicted the rains would be 96% of the long-term average, lower than its April forecast of 99%. Rainfall is considered normal if...
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What killed our boom-Ashok V Desai
-The Telegraph Ashok V. Desai,consulting editor of The Telegraph and chief consultant to the finance minister when Manmohan Singh launched the economic reforms, takes a deep dive into statistics to figure out what is wrong with the economy as Pranab Mukherjee leaves the finance ministry and Singh takes charge The growth rate of gross domestic product is reported to have come down. What does that mean? Before the question can be answered,...
More »Complex system of patronage, corruption blunts India’s efforts to help the poor out of poverty-Minhaz Merchant
-The Economic Times The Rae Bareli seat in Uttar Pradesh has been a Gandhi family bastion since 1967 when Indira Gandhi first stood for election from there. Sonia Gandhi adopted the constituency in 2004 and was re-elected with a huge majority in 2009. It should, therefore, be one of India's most developed districts. Right? Wrong. The Hunger and Malnutrition, or HUNGaMA, survey, released by the Prime Minister earlier this year, was...
More »How the Land Acquisition Bill will impact farmers-KP Narayana Kumar
-CNN-IBN Passing through Bulandshahar, a rapidly urbanising district in Uttar Pradesh known for its rustic politics and dairying, this reporter chanced upon a group of farmers sitting in protest outside a newly constructed apartment. The farmers occupied a tent that was erected outside the apartment complex. Their complaint was that they were being coerced to sell land for cheap by private players. "We will get only a measly Rs 20 lakh per...
More »Poorest in societies will suffer the most if we use our resources unsustainably-Janez Potocnik
In just over a week, world leaders will gather in Brazil for the Rio +20 Summit to decide what kind of future we want. Twenty years after the original earth summit, the theme is the green economy in the context of sustainable development and poverty eradication. Why is the conference important and why the aspirations for a 'green economy'? A green economy is one that results in improved human well-being and...
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