-The Hindu This year, not only did the monsoon reach India a few days late but its progress thereafter has been alarmingly lackadaisical. While Assam has been deluged and is reeling from the resulting floods, over 85 per cent of the country is suffering from far too little rain. The result is that the nationwide rainfall deficit stood at a grim 29 per cent at the end of June. Rainfall data...
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Weak monsoon may raise demand for NREGA work-Devika Banerji
Weak performance of monsoon this year has led the government to anticipate a significant increase in demand for work under its flagship ruralemployment guarantee scheme. The rural development ministry has asked all states to prepare contingency plans and review their estimates of work demand under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The move is an indication that the Centre is not very certain of monsoon catching up in the...
More »Madhya Pradesh's GDP goes up to 12 per cent-Lemuel Lall
Madhya Pradesh's Gross Domestic Product ( GDP) growth rate has swelled to 12 per cent in the last fiscal from 8 per cent in 2010-11, according to the revised estimates, officials said on Friday. Besides, the state, having agrarian economy, recorded 18 per cent agriculture growth rate in 2011 - 12, they added. The economic and agriculture growth is bound to benefit a huge populace engaged in construction and agriculture sector by...
More »'Reforms' for whom?-Ajit Balakrishnan
Two ways to advertise your modernity in India today: first is to carry an iPad, second is to declare that you are firmly on the side of 'reforms' There are two quick ways to advertise your modernity in India today. The first is to carry an iPad when you go for meetings, even if all you do with it is read email; and the second is to declare that you are...
More »Rain deficit: Jobs, farming, economy under a cloud-Zia Haq and Gaurav Choudhury
-PTI India’s monsoon, vital for Asia’s third-largest economy, has been 22% deficient till June 26, official data showed, adding to the government’s worries and prompting Prime Minister Manmohan Singh to consult key aides on measures to tone up the economy on Wednesday. In a revised forecast, the Met department predicted the rains would be 96% of the long-term average, lower than its April forecast of 99%. Rainfall is considered normal if...
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