In India, agriculture and allied sector is the source of income for over 60% of rural population and its contribution to GDP has been consistently coming down and currently stands at 14.3%. For the Indian economy to grow at the rate of 8-9%, the growth rate of agriculture sector has to be more than 4%. The critical role of agriculture in the economy highlights the need for a larger investment in...
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PM sets record straight; here's food for thought, Mr. Gadkari by Smita Gupta
Prime Minister Manmohan Singh can be devastatingly polite: when Bharatiya Janata Party president Nitin Gadkari, who has a commercial interest in agriculture, wrote him a doomsday letter on the dire state of agriculture under UPA rule, Dr. Singh took a month to reply, but when he did, it was to tell the BJP president in excruciating detail about the rise in agricultural production during his tenure in office, which compares...
More »Study: Rural health spending went down in NRHM yrs-Abantika Ghosh
A study on the effect of the National Rural Health Mission (NRHM) on health expenditure in rural areas shows that between 2004-05 and 2009-10, the total monthly per capita medical expenditure in villages went up by 44 per cent against a corresponding increase of 65 per cent in urban areas. Over the same period, total per capita expenditure went up by 66 per cent in villages and 70 per cent in...
More »Government subsidy burden at 10-year high
-IANS The Indian government's subsidy burden is expected to reach 2.5 percent of the country's gross domestic product (GDP) for the fiscal ending March 31, the highest in 10 years, due to higher price of crude oil and other commodities, a report showed Tuesday. The total subsidy is expected to increase to Rs.2,23,000 crore in the current financial year, which is 2.5 percent of GDP at the current market price which is...
More »UPA’s elbow room to push crucial reforms may shrink
-The Indian Express The Samajwadi Party’s sweep in India’s biggest state, Uttar Pradesh, and Congress’s defeat in Punjab and Goa will further shrink the elbow room the Congress-led UPA government at the Centre has to push through key initiatives such as foreign direct investment (FDI) in multi-brand retail, pension reforms and legislation such as the goods and service tax (GST) that require support from states. The Centre had postponed some of these...
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