-Business Standard While the revised estimates of the gross domestic product (GDP) suggest the Indian economy turned the corner in 2013-14, concerns remain over the durability of this nascent recovery. Particularly worrying is the recent slowdown in rural wage growth, which signals a weakening of rural demand. Growth in rural wages, which had averaged 18 per cent in the previous few years, fell to less than five per cent in September...
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Mission 'achche din': Drag in farm sector can delay Economic Recovery -Gaurav Choudhury and Zia Haq
-The Hindustan Times Even with the prospects of a year of high growth and low prices, a clutch of disquieting data on the ground suggests that things are still tough, potentially testing the Narendra Modi-led government's ability to pull the economy up. Output in factories has fallen sharply and a depressing farm season this winter, along with a fall in rural wages, could prolong recovery. Simply put, the drag this time...
More »Silent heroes -Swati Daftuar
-The Hindu The Deutsche Bank Urban Age Award 2014 sought to recognise projects that work towards improving the urban conditions of communities in Delhi We know what's going wrong, and we ask the right questions; questions which crop up while our car drives down narrow roads with broken street lights, landfills spilling over with waste we have created from nothing, and slums we cannot really imagine the insides of. Our city is...
More »Farm distress looms as global crop prices crash after 10-year bull run -Harish Damodaran
-The Indian Express For the last 10 years, farmers in India benefited from both increased production and higher price realisations - leading to rising rural incomes and declining poverty rates. That happy story may now be near its end - which could be the precursor to a renewed crisis in agriculture. The main reason is declining global prices for most agri-commodities (see Table 1). Over the last five-six months, corn, wheat and...
More »Nod to Dibang project shows why present forest clearance process needs to be scrapped -Chandra Bhushan
-Down to Earth Persisting with the current institutional arrangement will do more harm than good The manner in which the Forest Advisory Committee (FAC) of the Ministry of Environment, Forests and Climate Change (MoEF&CC) has agreed to divert 4,578 hectares (ha) of prime forestland to construct the 3,000 MW Dibang multipurpose project (DMP) has yet again convinced me of the need to replace the present system of granting forest clearances. FAC, in its...
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