-Zee News Agriculture is consistently losing its importance in India's economic growth. The agriculture sector contributes to just 15 percent of India's Gross Domestic Product (GDP), but over 50 percent of the population is still dependent on it. The farm sector, including forestry and fishing, grew by 3.2 percent in the quarter ending September, as compared o 3.8 percent in previous quarter and 4.7 percent in 2013-14. For the entire financial...
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A fuel’s errand -Santosh Mehrotra
-The Indian Express The finance minister plans to scrap the supply of subsidised kerosene through the public distribution system (PDS) and high time, too. To begin with, why has the kerosene subsidy needed reform for decades and yet reform never materialised? Kerosene obtained through the PDS, being cheaper, is used to adulterate diesel and petrol. Kerosene leakages in the PDS are estimated to be 40 per cent of total allocations. The diversion...
More »Arun Jaitley hints at more spending cuts ahead of Union Budget
-PTI Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money. "We're trying to rationalise expenditure as far as the government is concerned because we do not want the government to live on borrowed money indefinitely," he told a gathering...
More »India's rural employment programme is dying a death of funding cuts -Jayati Ghosh
-The Guardian After a decade of success, the landmark scheme is being starved of money by a central government seemingly intent on reining in rural wage growth Ten years ago this week, the Indian parliament unanimously passed the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). It was a historic legislation based on two interlinked goals: ensuring livelihood security to rural residents by providing at least 100 days of guaranteed wage employment...
More »For the sake of the Good Earth -Rita Sharma
-The Tribune In India, mounting demographic pressures are leading to soil degradation. About 17 per cent of the global human and 11 per cent of livestock population is being sustained on a mere 2 per cent of the world's land and 4 per cent of its freshwater resources. The year 2015 has been designated as the International Year of the Soils by the United Nations. Recently, December 5 was commemorated as World...
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