-Outlook 7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year)...
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In the Shadow of Displacement, Forest Tribes Look to Sustainable Farming -Stella Paul
-IPS News CHINTOOR, India- Laxman, a 10-year-old Koya tribal boy, looks admiringly at a fenced-in vegetable patch behind his home in southern India's Andhra Pradesh state. Velvety-green and laden with vegetables, the half-acre patch is where Laxman's family gets their daily quota of nutritious food. But one day soon it will disappear under several feet of water, thanks to the Polavaram multipurpose project - a 45-metre-high, 2.32-km-long mega dam currently under construction...
More »Why ending poverty in India means tackling rural poverty and power -Vanita Suneja
-Oxfam Blog Vanita Suneja, Oxfam India's Economic Justice Lead, argues that India can't progress until it tackles rural poverty. This entry was posted on 3 February 2015. More than 800 million of India's 1.25 billion people live in the countryside. One quarter of rural India's population is below the official poverty line - 216 million people. A search for economic justice for a population of this magnitude is never going to be...
More »Budget 2015: The need for an overhaul in Indian agriculture sector -Ajeet Kumar
-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...
More »Food security: economists challenge official panel’s conclusions -Yogesh Rajput
-Governance Now Shanta Kumar committee recommendation to curtail PDS based on "motivated data fudging" A group of economists have challenged the government move to scale down the ambit of the food security initiative, arguing that leakages in the public distribution system (PDS) are not as bad as an official committee has concluded. A ‘high-level committee on restructuring of FCI', headed by Shanta Kumar, submitted its report to prime minister Narendra Modi last month,...
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