The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard. There...
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Rural India loses steam: Demand for tractors, agriculture machinery, durables decline as income falls, prices rise
-The Economic Times In 2007, 27-year-old Kaushalendra from Bihar shunned the placement frenzy, which would see many of his colleagues earn fat salaries, in favour of a more homespun alternative: Selling fresh vegetables on a push cart to residents of his hometown Nalanda. Putting together whatever money he had, Kaushalendra began the venture in 2008 and soon started doing well. People didn't mind paying a little more if they saw value in...
More »Distress and death by Suhrid Sankar Chattopadhyay
West Bengal: An agrarian crisis looms over the State as farmers commit suicide in spite of a bumper crop. THE topic of suicide figured repeatedly in Safar Molla's conversations with his neighbours a few days before his death. The 18-year-old marginal farmer from Kaltikuri village in Bardhaman district's Bhatar block talked about it quite casually, in fact even jocularly. Everybody in the village knew he was up to his neck in...
More »Protest against lack of work under MNREGS by Shiv Sahay Singh
Sixth anniversary of the implementation of the scheme On the sixth anniversary of the implementation of the Mahatma Gandhi National Rural Guarantee Employment Scheme (MNREGS) there were protests outside the office of State Minister for Panchayat and Rural Development Subrata Mukherjee here on Thursday against the absence of work and delay in payment of wages under the scheme. Stating that so far an average of 15 person-days of work per household had...
More »Another farmer kills self in Bengal by Saugar Sengupta
Agrarian crisis continued in Bengal with farmers continuing to commit suicide after failing to sell their crops. The latest such incident was reported from Malda district in North Bengal, police said. Dayal Chandra Burman a middle-aged peasant committed suicide on Sunday morning at Gajole block in Malda district after he failed to repay Rs 30,000 taken as loan from moneylenders for paddy cultivation. He failed to sell his crops for the...
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