-The Hindu Unsustainable import competition and the end of the investment subsidy that the sale of under-priced resources provided to Indian companies are the main reasons why the economy has slowed down What has been called the ‘golden age’ of India’s economic growth was underpinned by global integration, high rates of investment and savings growth and low current account deficits. The slowdown is characterised by a sharp deceleration in investment growth on...
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MGNREGA 2.0: We need it now more than ever-Aruna Roy
With the threat of a failed monsoon and an impending drought, the need for public works and for greater numbers of workers will arise in many states, says National Advisory Council member Aruna Roy Despite all its seminal achievements, the Mahatma Gandhi National Rural Employment Gurantee Act is at the receiving end of the most controversial critiques any government programme has received so far. We could perhaps invert this to say...
More »No One Killed Agriculture
-Inclusion.in There is good news. And there’s bad news. The good news first. There’s been a bumper wheat crop and the granaries are overflowing. And the bad news? Where do we begin? A lot of that grain will rot. Millions will still remain hungry. Heavily in debt and distressed, farmers are committing suicide. Food prices are soaring. There’s more… Farmers don’t have money. Their land is too small and isn’t yielding much. Fertilisers and...
More »Will rains boost the slowing Indian economy?
-The Economic Times This is the time of the year when the country's weakest spots are exposed; despite our high growth and emerging-economy status, we continue to depend on the rains to boost rural incomes and provide a cushion in a slow economy. All eyes are on rainfall in July, which is crucial for the kharif crop that accounts for about half the food grain output. The consequences on inflation are, of...
More »Deficient rains not worrisome for paddy: Pawar
-PTI Monsoons 31% below average up to July 2 The deficient rainfall during last month has affected the sowing of coarse cereals but there is no cause for worry for the paddy crop, Agriculture Minister Sharad Pawar today said. The monsoon rains have been 31% below average up to July 2, Pawar told reporters here. He said the rainfall deficiency has affected sowing of coarse cereals, but situation in paddy is "not worrisome". Till June...
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