-The Hindu In figures officially released this week, the Planning Commission claims that poverty incidence had declined from 37.2 per cent of the population in 2004-05 to 21.9 per cent in 2011-12. This 15.3 percentage points decline over a seven-year period amounts to an unprecedented annual decline of 2.2 percentage points in the poverty rate. If that trend is sustained, it would lead to an end to "official" poverty in India...
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Bhagwati versus Sen: What's going on?-Mihir S Sharma
-The Business Standard 7 things you should know in the Bhagwati vs Sen slugfest Jagdish Bhagwati and Amartya Sen are the two Indian economists who are most respected for their work. Both have worked on a broad spectrum of issues, though Sen is best known for his work on public choice and development and Bhagwati for his work on trade. They are both liberal, neoclassical economists, who support deregulation and disapprove of...
More »Organised sector share in milk business should rise to 50 per cent: Sharad Pawar
-PTI NEW DELHI: To ensure sufficient supply of milk at affordable rates, Agriculture Minister Sharad Pawar today said there is a need to increase the share of organised sector in milk business to 50 per cent by the end of the current (12th) Five Year Plan in March, 2017. Despite severe drought in some states like Maharashtra this year, milk production has not reduced, thereby providing good supplementary income to farmers and...
More »Bihar’s growth accelerates to a record 14.48%- Kirthi V Rao
-Live Mint Numbers confirm Bihar's structural shift away from agriculture, with sharp increase in share of services sector Bihar has revised its economic growth for 2012-13 to 14.48%, five percentage points higher than what was initially forecast, according to two officials at the state's directorate of statistics. The new numbers confirm the state's structural shift away from agriculture, with a sharp increase in the share of the tertiary or services sector. The data...
More »Lessons to be learnt from Gujarat's business experience: Amartya
-PTI NEW DELHI: Nobel laureate economist Amartya Sen, who has been critical of Narendra Modi's model of governance, has said there are lessons to be learnt even from Gujarat which had good business performance and infrastructure though it lagged in health, literary and minority rights. Sen, at the same time, pointed that there are bigger things to learn from Kerala, Tamil Nadu and even Himachal Pradesh, a state where he said "transformation...
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