-The Telegraph New Delhi: The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up. Former finance minister P. Chidambaram said at a news conference: "The RBI's Consumer Confidence Survey...
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Measuring Economic Development: Data points undergo changes in 4 yrs -Aanchal Magazine
-The Indian Express GDP growth rates for pre-2011-12 years, making it impossible to compare the new growth data with the growth during the UPA years. New Delhi: From a new gross domestic product (GDP) series to a revised Index of Industrial Production and inflation indices, alongside fresh interventions including payroll reporting based on EPFO data, statistical measurement tools to gauge economic development underwent some change over the past four years. In the...
More »The wait for deep agricultural reforms -Siraj Hussain
-Livemint.com While there are several creditable achievements, it is the deeper structural reforms where expectations from a strong government have not been met Amidst expectations of a magical transformation of the Indian economy, the Narendra Modi government took over the reins in May 2014. During the election campaign, people were led to believe that the Gujarat model of agricultural development, which delivered 8% growth in agriculture during fiscal years 2003-14, would be...
More »Solar-powered cold room boosts farm incomes -Juhi Chaudhary
-India Climate Dialogue It does not depend on erratic electricity supply from the grid Sandeep Alse, a farmer who grows fruits and vegetables in Marathwada, a drought-prone region in Maharashtra, found it difficult to reach the market with his produce on time, due to poor infrastructure. The lack of cold storage facility in the vicinity added to his woes and much of his harvest was spoiled, making it difficult for him to...
More »Farm subsidies: the coming fight at the WTO
-Livemint.com India needs to defend policies that make agriculture remunerative and stand by its poor at this stage of development In an attempt to combat rural distress, the Union budget announced this year by finance minister Arun Jaitley promised a new deal to farmers—minimum support prices (MSP) that would be 150% of the cost of production. The government is expected to announce the first set of support prices under the new policy in...
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