Till recently agricultural production in the current crop year was expected to be adversely affected by drought situation in more than 10 states, apart from hailstorms and excessive rainfall that happened in March. However, if one were to believe a recent forecast made by the Ministry of Agriculture, the overall foodgrain production in the country this crop year is anticipated to remain almost the same as last year. In 2014-15,...

-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...

-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...

-The Tribune While there are have been debates about the plight of farmers, hardly have we ever heard or read anything about the condition of agricultural labourers. They are the victims of economic downturn in the rural sector. THE economy of Punjab today, embroiled in various economic issues, is showing signs of crisis in the agrarian sector. We often hear and read about the woes of the farmers who are committing suicides,...

-The Hindu India has a lasting infrastructure of public support that can, in principle, be expanded in drought years to provide relief. But business as usual seems to be the motto Droughts in India used to be times of frantic relief activity. Large-scale public works were organised, often employing more than 1,00,000 workers in a single district. Food distribution was arranged for destitute persons who were unable to work. Arrangements were also...