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Highlights of Economic Survey 2014-15

-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

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For a clean bill of health -Sujatha Rao

-The Indian Express Recently, the Central government invited comments on its Draft National Health Policy (DNHP). The DNHP provides an exhaustive coverage of health issues and challenges facing this much neglected sector. Its major recommendations are making health a justiciable right and denial of care an offence; provisioning of health services through a strengthened public health delivery system in partnership with the private sector; enhancing public spending from the current level...

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Minimum support price cannot be 50% more than cost of produce, Centre to SC -Dhananjay Mahapatra

-The Times of India NEW DELHI: Farmers' plight has worsened due to the non-remunerative nature of agriculture but the Centre on Friday told the Supreme Court that it would not be able to enhance the minimum support price (MSP) for agricultural produce to be 50% more than the input cost. A PIL filed by Consortium of Indian Farmers Association had complained that agriculture had become non-remunerative and was driving farmers to borrow...

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A hasty, half-baked report on environment -Ramaswamy R Iyer

-The Hindu The report of the High-Level Committee for reviewing environmental laws has a misplaced focus on speedy project clearances and wrongly attributes their delays to environmental laws The report of the High-Level Committee (HLC) on a review of environmental laws may no longer be in the news, but its potential for impacting environmental governance in the country has not diminished. That potential will become real soon enough. A note of caution...

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How to reap a good harvest -Ajay Jakhar

-The Indian Express I recently witnessed protests in Berlin, against industrialised farming and the planned free-trade agreement between the European Union and the United States, under the banner "We Are Fed Up". Trade issues resonate across Europe, but in India, farmers are oblivious to the inevitable consequences of trade agreements. However, the government seems keen to address issues related to farmers. Yet, success on the farm front can be delusional if...

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