The New Year began with very good news about the Indian economy. During the last five years, 2004 to 2009, India’s most backward states have shown remarkable growth. Bihar, which grew at 4.5 per cent a year between 2001 and 2005, showed a growth rate of 11.3 per cent between 2005 and 2009. Similarly, Odisha increased its growth performance from 4.94 to 8.74 per cent between these two periods; Jharkhand...

The Ficci-Yes Bank report on farm mechanisation couldn’t have come at a more appropriate time. For one, since it suggests waiving of VAT and excise duty on farm machinery, this is the time the Budget exercise has just begun. More important, the study points out that, while the use of new devices in performing key farm operations is vital for doubling agricultural growth from the present 2 per cent, the...

Bt brinjal is a genetically modified version of an eggplant that is injected with a protein that makes it immune to pests Kochi: There’s a new player in the fight against Bt brinjal, a village panchayat in Kerala that is seeking to preserve a traditional variety of eggplant. As part of the plans of the village-level elected legislative body, around 8,000 households in the Mararikulam North gram panchayat in the coastal...

The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...

Highlights of the skill development programme * All rural youths in BPL category eligible * Govt. assures placement for at least 75 percent trainees * Youths to get training on technical and soft skills * MoUs with industrial houses to ensure placements * 75 percent expense to be borne by Centre, rest by state governments The Centre is firming up a skill development scheme for poor rural youth who will be given technical training by the...