-The Hindu Business Line Outstanding subsidy bills for the fertiliser sector will exceed ₹40,000 crore by March, according to the Fertiliser Association of India (FAI). Domestic urea manufacturers are the hardest hit with dues amounting to ₹30,000 crore. The industry also sent an ‘SOS' to the Finance Minister appealing to intervene and institute a Special Banking Arrangement to help tide of the liquidity crisis facing fertiliser manufacturers. "While the domestic urea industry is...
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New GDP Numbers Make Jaitley Happy -Lola Nayar
-Outlook 7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year)...
More »Budget 2015: The need for an overhaul in Indian agriculture sector -Ajeet Kumar
-Zee News Agriculture is consistently losing its importance in India's economic growth. The agriculture sector contributes to just 15 percent of India's Gross Domestic Product (GDP), but over 50 percent of the population is still dependent on it. The farm sector, including forestry and fishing, grew by 3.2 percent in the quarter ending September, as compared o 3.8 percent in previous quarter and 4.7 percent in 2013-14. For the entire financial...
More »Rural reach -Amita Sharma
-Financial Chronicle From the inner recesses of Chattisgarh to the upper crevices of Sikkim, a look at how MGNREGA initiatives are changing lives The large blackboard outside the police station reads like a rate list. There are different monetary awards for Naxalites' surrender with different weaponry, the highest, Rs 4.5 lakh, for surrender with a light machine gun, Rs 3 lakh with an AK 47, and only Rs 30,000 with a 12...
More »India's rural employment programme is dying a death of funding cuts -Jayati Ghosh
-The Guardian After a decade of success, the landmark scheme is being starved of money by a central government seemingly intent on reining in rural wage growth Ten years ago this week, the Indian parliament unanimously passed the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). It was a historic legislation based on two interlinked goals: ensuring livelihood security to rural residents by providing at least 100 days of guaranteed wage employment...
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