If a country’s national income is rising, someone in the country must be getting richer. Unless income distribution is changing, all income classes must get richer at about the same pace. If a constant standard of living is defined to classify everyone below it as poor, then as incomes rise, the proportion of the poor so defined must shrink, eventually to zero. If income grows 5 per cent a year...
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SEZs Vs Displacement: Join Peoples’ Audit in TN
Several civil society organisations of Tamil Nadu are getting together to organise a Peoples’ Audit in the state to assess the need and efficacy of the proposed 139 Special Economic Zones (SEZs) that are in various stages of approval. The audit will take place from October 24 to October 26 and members of the media are welcome to participate and witness the exercise in the presence of eminent economists, social...
More »Gene mutation and food by Kavitha Kuruganti
Dr M.S. Swaminathan, considered the Father of the Green Revolution in India, finally stated his views on genetically-modified (GM) crops in an opinion piece published on August 26, 2009, in this newspaper. GM crops are produced by inserting foreign genes, mostly non-plant genes (bacterial, viral and animal genes) for obtaining hitherto non-existent, new characteristics in a crop. For instance, the Bt class of GM crops like Bt cotton and Bt...
More »Key Facts
Output and Growth According to the [inside]Economic Survey 2017-18, Volume-2[/inside] (please click here to access): • The growth rates of agriculture & allied sectors have been fluctuating at 1.5 per cent in 2012-13, 5.6 per cent in 2013-14, (-) 0.2 per cent in 2014-15, 0.7 per cent in 2015-16 and 4.9 per cent in 2016-17. • The Gross Capital Formation (GCF) in Agriculture and Allied Sectors relative to Gross Value Added (GVA) in...
More »Right to Work (MG-NREGA)
KEY TRENDS • The proportion of households which completed 100 days of wage employment under MGNREGA in total households that worked was 6.02 percent in 2014-15, 10.07 percent in 2015-16, 7.79 percent in 2016-17 and 5.78 percent in 2017-18 @$ • Completed works as a proportion of total works was 30.15 percent in 2014-15, 29.39 percent in 2015-16, 40.27 percent in 2016-17, 32.01 percent in 2017-18 and 3.3 percent in 2018-19 (as on 7th May, 2018) @$ • In...
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