In India, agriculture and allied sector is the source of income for over 60% of rural population and its contribution to GDP has been consistently coming down and currently stands at 14.3%. For the Indian economy to grow at the rate of 8-9%, the growth rate of agriculture sector has to be more than 4%. The critical role of agriculture in the economy highlights the need for a larger investment in...
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In your land, lie riches by Poorva Sagar
In India's western state of Maharashtra, a project supported by Japan International Cooperation Agency is yielding better Incomes for farmers and has lured the migrants back to their native villages. PROJECT: RURAL DEVELOPMENT FOR POVERTY REDUCTION PERIOD: 2008-2011 Vishwanath Gangaram Malpote, 28, is in the midst of a robust harvest. As he weeds his rice field, one cannot but help admire his meticulous effort to pluck off the small undergrowth from the standing...
More »Here’s evidence that NREGA is actually destroying jobs by R Jagannathan
Is the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) a poverty buster? Or is it a job destroyer? The answer seems to be both, though the scheme of late, has been bedevilled by corruption and many states have lost their enthusiasm for it, forcing the rural development ministry to revamp the scheme last week (read here about the changes). While the scheme has been attacked for many reasons – bloating rural...
More »Get out of the kitchen
-The Business Standard Govt should not explore unworkable solutions The petroleum ministry’s “single kitchen” concept for new consumers of liquefied petroleum gas, or LPG, is a classic case of using a flawed solution to compensate for policy distortions in the pricing of petroleum products. The norm of allowing one LPG connection per household with one kitchen may look good on paper but it is hardly a foolproof mechanism to curb the misuse...
More »A very poor programme by Surjit S Bhalla
MGNREGA 2.0 should really be MGNREGA 0.0 — it has been outdated from the start, five years ago It is a fact universally acknowledged that India is at a fiscal crossroads. It swerved quite significantly to populism over the last several years, and the consequences of this lurch are that the UPA’s own finance minister is (thankfully) losing sleep over the fiscal burden. More specifically, over the subsidy burden. As we all...
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