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...

A committee appointed by the Union Government has found fault with the entire process of land reforms, particularly the dubious role of officialdom, and called for revisiting the land ceiling limits and that too with retrospective effect. The Committee on State Agrarian Relations and the Unfinished Task in Land Reforms, set up subsequent to the constitution of the National Council for Land Reforms under the Prime Minister, has underlined the relevance...

Agriculture, Irrigation, primary education discussed ‘State will extend rural development projects further’ West Bengal Chief Minister Buddhadeb Bhattacharjee on Thursday held a closed-door meeting with Nobel laureate Amartya Sen at a city hotel. The meeting lasted an hour. Sources said that at the meeting which began late on Thursday evening, the two discussed issues such as agriculture, Irrigation, primary education in the State and also the progress of Scheduled Castes, Scheduled Tribe and...

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...