-The Economic Times A change in the national accounts, slated to take place sometime in the next two years, will show that a resurgent farm sector is now the second biggest contributor to the economy, displacing manufacturing and financial services. The unexpected reversal is not just a statistical artefact. Instead it is an outcome of a change in the terms of trade, the price of agricultural produce compared to industrial output since...
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Real-time evaluation programme languishing, PM tells Ahluwalia-Priscilla Jebaraj
-The Hindu A quarter of a century ago, the then Deputy Chairman of the Planning Commission, Manmohan Singh, started a programme of concurrent – or real-time – evaluation of the government’s rural development schemes. On Saturday, the Prime Minister expressed surprise that such processes are “languishing” and “not in good shape” and asked the present Deputy Chairman, Montek Singh Ahluwalia, to “apply his mind to making good this deficiency.” The Prime Minister was...
More »NREGA's non-existent impact on migrant labourers-Rukmini Shrinivasan
PATIALA/SANGRUR: Everyone agrees that theNREGA is causing a shortage of agricultural labour. Everyone, that is, except the workers themselves. For the last two years, the "success" of the Mahatma Gandhi National Rural Employment Guarantee Scheme (commonly referred to as NREGA) in reducing the number of men migrating out of India's poorest states has become something of a truism. In Punjab, this has resulted in dozens of news articles about the shortage...
More »Green rider for GDP-Richard Mahapatra
-Down to Earth World is moving towards natural capital as a measure of economic growth After using gross domestic product, or GDP, as the universal measurement of economy for six decades, the world has begun looking beyond this gold standard for measuring a country’s economy. On May 25, 10 African countries agreed to incorporate their natural capital, or value of their natural resources, into their national accounts to make better economic decisions. The...
More »Complex system of patronage, corruption blunts India’s efforts to help the poor out of poverty-Minhaz Merchant
-The Economic Times The Rae Bareli seat in Uttar Pradesh has been a Gandhi family bastion since 1967 when Indira Gandhi first stood for election from there. Sonia Gandhi adopted the constituency in 2004 and was re-elected with a huge majority in 2009. It should, therefore, be one of India's most developed districts. Right? Wrong. The Hunger and Malnutrition, or HUNGaMA, survey, released by the Prime Minister earlier this year, was...
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