-Live Mint To alleviate poverty and extend true food security to its people India must bring efficiency to public expenditures In the Indian economy, where almost half of the average household's expenditures goes toward food and half the labour force is engaged in agriculture, one cannot simply wish away the centrality of agriculture just because its contribution to gross domestic product (GDP) hovers around a comparatively low 14%. India's agriculture is responsible...
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‘Jobless growth’ no more-Santosh Mehrotra
-The Hindu Since 2004-05, for the first time in the history of India, more workers have left agriculture for productive work in industry and services Higher than normal inflation, high current account deficit, a depreciating rupee and slowing GDP growth might hold true in recent times. However, when it comes to employment, the facts are quite different as between 2009-10 and 2011-12, non-agricultural employment grew rapidly. Between 1999-2000 and 2004-05, National Sample Survey...
More »India growth story marred by disturbing inequity -Sachin Kumar Jain
-Down to Earth 68th Round of National Sample Survey makes it amply clear that the wave of economic growth has not percolated down from the 0.003 per cent of population of ruling elite (as per Income Tax records, only 42,800 persons have taxable Income more than Rs 1 crore in India). 99.996 per cent population is spending between just Rs 25.90 and Rs 37.36 per capita per day (average MPCE) in...
More »Health expense is a major burden on rural citizenry
The share of total expenditure on medical and healthcare is comparatively higher for an average rural citizen than his/her urban counterpart, reveals the latest available National Sample Survey Report (68th Round) entitled Level and Pattern of Consumer Expenditure 2011-12. Although an average urban Indian spends nearly 84 percent higher than his/her rural counterpart in a month, the share of total outlay on medical expense* is higher in case of the...
More »Parliamentary panel slams Moily over field trials issue of GM crops -Vishwa Mohan
-The Times of India NEW DELHI: Recent government's decision to allow field trials of genetically modified (GM) food crops has come under severe attack of a parliamentary committee which criticized the environment minister M Veerappa Moily for giving his nod to this effect. The panel suggested that any test should not be undertaken till the Centre puts in place all regulatory, monitoring, oversight and surveillance structure. Referring to the recent decision of Moily...
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