Farm technologies are not reaching farmers on the ground, Prime Minister Manmohan Singh observed here on Monday and said “it represents the failure of the system.” He was speaking at the Golden Jubilee convocation of the Indian Agricultural Research Institute (IARI) here. The annual farm growth rate was expected to be 3.5 per cent in the 12th Plan period ending this year, he said, but there was concern over the gap between...

In an indication that the ruling Congress may be looking to evolve a comprehensive social security package ahead of the next general election, the Sonia Gandhi-led National Advisory Council (NAC) has started a consultative process with four central government ministries aimed at linking existing and new schemes for the huge unorganized sector. The plan, according to an NAC member, is to issue one entitlement card to every worker in the unorganized...

The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...

-The Hindu Inclusive growth can be possible only in an inclusive society, Bhalchandra Mungekar, president, Institute of Advanced Study, Shimla, said on Monday. Scheduled castes and tribes, and minorities constitute a majority among the people below poverty line, accounting for one-third of the country's population. Existence of 40 crore people below poverty line even 60 years after Independence was a cause for immense concern, Dr. Mungekar said, cautioning that the situation was...

-The Indian Express   Pranab Mukherjee should use his waking hours to signal bold reforms Until a few years ago no one really thought that governments could go bust. But the deepening sovereign debt crises of Europe have now persuaded us that governments can go bust if their debt levels cross a certain danger mark. What is that danger mark remains a matter of research by economists around the world. Some studies have concluded...