The National Rural Employment Guarantee Act (NREGA) may have revolutionised rural households in more ways than one but on the flip side the UPA government’s flagship scheme has affected agricultural production. Reports on the “negative influence” of NREGA have poured in from every nook and cranny of Meghalaya though the scheme aims to enhance the livelihood and security of people in rural areas by guaranteeing 100 days of wage-employment in a...
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A Bengali rate of growth by Mohan Guruswamy
Despite its slackening industry, the common perception of West Bengal as a backward state has little substance when one looks at the facts. Most of us are conditioned to view economic development in terms of industrialisation. While industrialisation is essential for economic transformation, it is not as if economic growth is not possible without it. The sectoral structure of India's gross domestic product (GDP) and its slow transformation makes a good...
More »Suspend onion imports for 10 days, NCCF tells government by Gargi Parsai
Even as the price of onions remained high in domestic retail markets, the National Cooperative Consumers Federation of India (NCCF) on Monday urged the government to suspend the import of the vegetable for 10 days, by when the prices are expected to fall due to better arrivals. “The recent import of onions from China and Pakistan has created panic among our farmers, and many of them have started harvesting the crop...
More »NAC for more powers to dwellers under Forest Act by Anirban Bhaumik
The National Advisory Council headed by Congress president Sonia Gandhi is unhappy with the poor implementation of the Scheduled Tribes and Other Forest Dwellers (Recognition of Forest Rights) Act, which was once billed as a landmark initiative of the UPA I for economic empowerment of the tribal people. The NAC now wants the government to change the law to make it more effective and has recommended several amendments, including one to...
More »World Food Prices Expected to Stay High or Keep Rising by Steve Ember
Economists across the world are expressing concern about rising food prices. The United Nations Food and Agriculture Organization recently released its Food Price Index. The list showed that a number of foods cost more than during the world food crisis of two thousand eight. The index is at its highest level since it began in nineteen ninety. Demonstrations and deadly food riots have broken out this month, as they did in...
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