But non-farm income keeps economy afloat New Delhi, April 25: The rural growth story is slowly losing sheen because of inflation and rising input costs. In fact, rural price level is higher than urban price level. The March Consumer Price Index number for rural India stood at 116.3, while that for urban India stood at 114.6. Mr Ajay Sriram, Chairman and Senior Managing Director, DCM Sriram Consolidated Ltd, says the rural growth...
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Starving in India: Legislating Food Security-Ashwin Parulkar
Over the past week, I’ve chronicled my investigative research on starvation in India – a project I’ve been working on with a colleague from the Centre for Equity Studies, a New Delhi think tank. We’ve told stories of people who were forced to eat poisoned roots to stay alive; a family that suffered the deaths of members from three different generations in a span of 24 hours; a woman faced with...
More »The ‘corruption’ of the wretched
-Live Mint No other social sector programme has been criticized for being successful as has the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). So much so that it is not the inefficiency of the MGNREGS that is a problem, but its success that is seen as the reason for several problems facing the country. Even though it is still a small programme with annual spending of less than Rs.35,000 crore,...
More »Losing direction-Jayati Ghosh
The Budget provides proof of the United Progressive Alliance government having forgotten the importance of its own “flagship schemes”. BUDGET 2012-13 provides conclusive proof that the United Progressive Alliance (UPA) government has lost its way. It has managed the remarkable feat of upsetting almost everyone and making no one happy. The Budget is highly regressive in both taxation and spending terms and will raise prices of essentials, so aam aurat and...
More »India faces rising labour force, inequality-Prashant K Nanda
Sounding a note of caution, the Economic Survey has stressed that for “growth to be inclusive” India must create adequate employment opportunities—a call that underlines existing inequality, including urban-rural income disparity, and concern that it may increase as more young people enter the job market. While India’s unemployment rate has dropped from 8.2% in 2004-05 to 6.6% in 2009-10, the number of jobless is still huge in absolute terms. The...
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