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India bright spot in global economy; caste bias a concern: World Bank

-PTI GANDHINAGAR (Gujarat): World Bank on Sunday said India can grow at 6.4 per cent in 2015 and accelerate further next year, but cautioned that an enduring "bias" on the basis of caste and otheR factors can impede prosperity. The government, however, is well aware of this issue and the World Bank sees India as "a bright spot in an otherwise mediocre global economic outlook," the multilateral lending agency's president Jim Yong...

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Karnataka sees dip in farmer suicides in five years

-The Times of India BENGALURU: Farmer suicides have been on the rise in neighbouring Maharashtra and Telangana. But Karnataka appears to be bucking the trend, with the number of cases showing a sharp decline over the past five years. According to latest data from the state agriculture department, the number of farmers' suicide in Karnataka has declined from 145 in 2009-10 to 50 in 2014. This despite drought and other natural calamities...

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‘Rising PDS theft reached Rs 48,000 cr in FY12’ -Sunil Jain

-The Indian Express Thefts from the public distribution system (PDS) are consistently rising and, according to the latest data for FY12, were a little over Rs 48,000 crore - or roughly the same as the median loss estimated by the CAG for the telecom scam of 2008. Just that unlike the 2G scam, the PDS theft happens every year. And its value rises as the costs of wheat and rice go up...

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Internal NREGA note blames Nitin Gadkari, then does a rewrite -Ruhi Tewari

-The Indian Express The Ministry of Rural Development seems undecided on whether to blame former Minister Nitin Gadkari or the media for some of the problems with the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). An internal note of the Ministry - prepared ahead of a Performance Review Committee meeting this month - blamed Gadkari for contributing to delays in the payment of wages under the scheme. Soon after...

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Rural wage growth lowest in 10 years, signals farm distress, falling inflation -Harish Damodaran & Surabhi

-The Indian Express Rural wages in India have registered an average annual growth of 3.8 per cent in November, the lowest since July 2005, according to Labour Bureau data. The 3.8 per cent year-on-year increase is a significant drop relative to the two-digit growth rates prevailing until June, and the peak 20 per cent-plus levels of 2011 (see graph). "The numbers confirm the findings in our mid-year economic analysis that inflation is...

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