-Livemint.com In the last decade, the rural constituent has emerged an important factor for overall private final consumption, which forms more than half (55-60% range) of India’s demand side GDP An above-average monsoon is commonly expected to be a key demand driver in 2016-17. Gross domestic product (GDP) forecasts for the year incorporate a revival in rural consumption—a segment that suffered severe setback from two successive years of adverse rainfall. In...

-The Financial Express Persistence of high food inflation can harden the monetary policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...

-Livemint.com It is not possible to provide ‘maximum governance’ with ‘minimum government’. We need ‘good government’ for ‘good governance’, says Deepak Nayyar The erstwhile Planning Commission closed down soon after Prime Minister Narendra Modi announced the decision on 15 August 2014. Its demise was attributable partly to the ideological belief that planning is passé in this age of markets and globalization and partly to its poor performance combined with growing irrelevance. The...

-The Telegraph New Delhi: Official statistics suggest the juggernaut of India's economy has started to roll at a clattering pace. But some analysts stayed cautious, keeping in mind the low investment levels. The Central Statistical Organisation (CSO) today said the gross domestic product (GDP) - the broadest measure of the economy - had grown at a robust 7.9 per cent in the fourth quarter (January-March 2016), which enabled the government to fulfil...

-The Indian Express Mining has the distinction of being the most dangerous profession in India. Industry insiders concede that official numbers could be much lower than the actual deaths that take place deep inside the mines. Progressive improvements in the safety standard of India’s coal mines notwithstanding, every ten days last year there was a mining fatality in the country. And every third day last year, on an average, there was...