-The Hindu One of the major reasons for the fall in road accidents in the last decade coincides with the metro gradually becoming the principal artery of public transport Despite increased traffic, Delhi saw its lowest number of fatal accidents in a decade in 2014. Delhi Police data reveal that 1,595 deaths were reported (1,559 accidents) in 2014, compared to 1,754 in 2013; 1,866 in 2012; 2,110 in 2011; 2,153 in 2010;...
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Bursting the myths on Indian agriculture -Rakesh Rao
-Business Standard Though Indian agriculture has grown to be second largest globally, there are many myths and misconceptions. So, let's find the truth. Though the government over the past few years has been focusing on enhancing manufacturing sector's share to India's GDP, contribution of agriculture to the GDP continues to be higher than that of the manufacturing. India has in abundant four critical fundamental resources - light, land, water & labour. Contrary...
More »Study blames MGNREGA for farm labour shortage -Tomojit Basu
-PTI The scheme can have a negative impact on prices, productivity: FICCI-KPMG New Delhi: After the Prime Minister's referred to MGNREGA as a "monument to the failure of the UPA regime", comes a report blaming it for creating shortage of farm labour. A Federation of Indian Chambers of Commerce and Industry (FICCI)-KMPG report titled ‘Labour in Indian Agriculture: A Growing Challenge', released here on Wednesday, says schemes, such as the Mahatma Gandhi National...
More »Goa's Mining Logjam -Pamela D’Mello
-Economic and Political Weekly The stage is all set for the resumption of iron ore mining in Goa after it was suspended in the state in 2012, to curb its indiscriminate and illegal mining. The Goa government's decision to renew the mining leases comes at a time when the economics of iron ore mining have changed and environmental concerns have gained more prominence. Pamela D'Mello (dmello.pamela@gmail.com) is a Goa-based journalist. The state government...
More »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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