IN preparing the approach paper to the Twelfth Five Year Plan, the Planning Commission engaged “all interested persons” in the country in a wide, web-based consultative exercise and also involved a varied group of “stakeholders”. The resulting document clearly indicates some awareness of the complex problems likely to be faced by the economy in the coming period. But it falls short of expectations because it does not provide a cohesive...
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Superweeds, superpests and superprofits by Vandana Shiva
New research from Navdanya and from the US Union of Concerned Scientists proves that Bt cotton yields are actually a third of what Monsanto claims. Genetic engineering is not going to help feed the world, writes Vandana Shiva, but it is going to harm public health and ecosystems We have been repeatedly told that genetically engineered (GE) crops will save the world. They will save the world by increasing yields and...
More »Reasons for inflation known, but no light at the end of tunnel by Ashok Dasgupta
Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...
More »The Union Cabinet gets healthier by P Sainath
The worse off the poor become, the healthier our Ministers get. Air India might not be doing as well we'd like it to. But the braveheart who flew it fearlessly into dense clouds of Debt is doing okay. Praful Patel (who no longer holds the aviation portfolio) added, on average, over half a million rupees every day to his assets in 28 months between May 2009 and August 2011. This might...
More »Rs 65,000cr loan waiver fails to make farmers Debt-free
-DNA The Centre's Debt relief scheme for the farmers has given anything but relief to the poor farmers. Despite the Rs 65,318.33-crore Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS) launched by the UPA with much fanfare in 2008, nearly 43.42 million (48.6 per cent) of the 89.35 million farmer households are still in Debt. This is the finding of National Sample Survey Organisation (NSSO) report on 'InDebtedness of Farmers Household'. The scheme benefited...
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