-The Hindu It is only due to the high rates of growth in the services sector that India’s overall economic growth appears robust. The world economy is so hard to predict. In 2008, as the global financial markets plunged into a crisis, high oil prices were considered to be one of the factors that caused it. Today, many fear that the world economy is on the edge of another recession. Guess what...
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Centre okays Rs 4,000 crore for 7 drought-hit states
-The Times of India NEW DELHI: The Centre on Monday approved relief assistance of over Rs 4,000 crore for seven drought-affected states from the National Disaster Relief Fund (NDRF). The maximum Rs 1,737.65 crore will be released to Tamil Nadu, followed by Rs 1,193.41 crore to Rajasthan, Rs 336.94 crore to Jharkhand, Rs 332.57 crore to Assam, Rs 280.19 crore to Andhra Pradesh, Rs 170.19 crore to Himachal Pradesh and Rs 16.02...
More »Bigger rural outlay to power growth: FM
-The Hindu Business Line 10 years on, MGNREGA to get more funds New Delhi: Barely three weeks ahead of Budget 2016-17, Finance Minister Arun Jaitley indicated that the government could increase budgetary allocations for rural and social schemes like the Mahatma Gandhi National Rural Employment Guarantee Act. The allocation may be even higher than the ₹35,000 crore allocated in 2015-16. “One engine to grow further, despite the global slowdown that has also impacted our exports, can...
More »How Do We Combat Droughts?
-Economic and Political Weekly Agriculture cannot be revived without a different approach to water, soil, crops and research. For the second year in succession, rainfall in the monsoon season has been less than normal. As many as 302 out of the 640 districts in the country have been declared drought-hit and the impact of the drought is the severest in nine major states of south, central and east India. It is striking...
More »Will the drought relief fund ever trickle down to farmers? -Nidheesh MK
-Livemint.com The delays in Karnataka does not portend well for six other states which have been cleared for drought relief and three more who are yet to hear from the Centre Bengaluru: Farmers in Karnataka who lost crops due to poor rains during last year’s June-September monsoon are expected to get central relief only by May this year due to delays in gathering farmers’ bank account details and logistics hurdles due...
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