Experts at a discussion on "Two decades of economic reforms: The way forward", organized by CII, Bihar state centre, said the economic reforms had not lessened the urban-rural divide; hence rural people could not generate substantial demand in the economy, though the savings rate enhanced in the last two decades. Director, Asian Development Research Institute, P P Ghosh, said the savings rate had increased from 12% in 1951 to 35%...
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World Bank pledges $500 million for Horn of Africa region
-The Economic Times The World Bank on Monday pledged more than $500 million (348 million euros) to aid the drought-strickenHorn of Africa region, asUnited Nations aid chiefs met in Rome to discuss ramping up relief efforts. The bulk of the money will go towards long-term projects to aid farmers while $12 million will be for immediate assistance to those worst hit by the crisis and facing starvation. "The recurring nature of drought......
More »Making PDS an Effective Weapon by Prabha Jagannathan
In a week when the central food ministry is reviewing the functioning of the much-maligned public distribution system (PDS) and plans to pull up laggard states on poor storage facilities, low grain offtake, high diversion and a persistently slacking programme, an objective relook at the world’s largest grain distribution system is imperative. Agriculture minister Sharad Pawar has time and again emphasised that streamlining the PDS in the usual-suspect states to...
More »Prof. Reetika Khera interviewed by The Economic Times
Matter begins: What is the impact of the National Rural Employment Guarentee Act on rural wages? That is the question that the pundits are asking today. It's a query which feeds into a larger question. Six years have passed since NREGA became a legal reality. What is its village-level impact? It's a complex question to answer. NREGA undertakes to provide employment to anyone who asks for it. Which makes it...
More »Food Security Bill needs amendments by Brinda Karat
As it is drafted, the Bill actually deprives people, and the State governments, of existing rights on multiple counts. The Food Security Bill finalised by a Group of Ministers should not be accepted by Parliament in its present form. The overriding negative features of the proposed legislation far outweigh its positive initiatives. The framework itself is questionable since the Central government usurps all powers to decide the numbers, criteria and schemes...
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