But non-farm income keeps economy afloat   New Delhi, April 25: The rural growth story is slowly losing sheen because of inflation and rising input costs. In fact, rural price level is higher than urban price level. The March Consumer Price Index number for rural India stood at 116.3, while that for urban India stood at 114.6. Mr Ajay Sriram, Chairman and Senior Managing Director, DCM Sriram Consolidated Ltd, says the rural growth...

-The Economic Times The Rajya Sabha on Tuesday passed an amendment to the Right to Education Act. The amendment will widen the beneficiary net for disabled children and provide those with severe disability the option of receiving education at home. It will also give school management committees an advisory role in minority schools, both aided and unaided, and will put madarsas and vedic schools and other institutions providing primarily religious instruction outside...

-Tribune News Service Notwithstanding the marginal decline in spendings under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) over the past two years, Himachal has the best performance indicators, putting it in the league of top-performing states. The total expenditure under the scheme came down from Rs 556.55 crore in 2009-10 to Rs 516.34 crore in 2010-11 and further fell to Rs 509.43 crore in the last financial year. However, the number...

-Daily News Asia's rapid growth is leaving millions behind, causing a widening gap between rich and poor that threatens to undermine the region's stability, according to a new report from the Asian Development Bank (ADB). "Another 240 million people could have been lifted out of poverty over the past 20 years if inequality had remained stable instead of increasing as it has since the 1990s," said ADB's Chief Economist Changyong Rhee. The Asian...

Difficult times call for difficult measures. Pushed into a corner by an unsustainable fiscal deficit and various sectors and programs (including the proposed food security legislation) screaming for a greater share of the budget pie, the Congress-led United Progressive Alliance (UPA) government in India has been forced to do what it might not have otherwise—reduce its marquee job guarantee scheme’s allocation in a big way for the first time.  In one...