The country's agriculture sector recorded the lowest growth in five years, at 0.2 per cent, in fiscal year 2009-10 due to widespread Drought. Agriculture and its allied sectors had grown at 1.6 per cent in 2008-09. However, dismal as the farm sector's growth seemed to be, it was not as low as expectations set for the fiscal. It had grown by 0.2 per cent, though the earlier estimation -- arrived...
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2009-10 turns out not all that bad for farm sector by Harish Damodaran
Drought impacted agricultural production but not farm incomes. The year 2009-10 was supposedly a bad year for Indian agriculture, given the worst ever monsoon since 1972. This is partly reflected in the 0.2 per cent growth registered by the farm sector (inclusive of forestry and fishing) in real terms, as per the Central Statistical Organisation's latest revised estimates of gross domestic product (GDP) for last fiscal. The virtual stagnation in agricultural output...
More »Sugar supplies in the bag as panic ends by Robert Plummer
Not so long ago, the prospect of a global sugar shortage gave food manufacturers a panic attack. Poor weather conditions hitting crops in the world's two biggest sugar-producing nations, Brazil and India, sent the price of the sweet stuff soaring on international markets. In August last year, US firms such as Kraft Food, General Mills and chocolate-maker Hershey were so worried that they wrote a joint letter to the country's...
More »'We'll expose irregularities in NREGA for better implementation of the law'
Various ways and means of checking irregularities in the implementation of rural employment guarantee scheme have been discussed. One suggestion is that workers employed under this scheme ought to be organised. The first step in this direction was the formation of National Rural Employment Guarantee Workers' Union - Gujarat (NREGWUG), which was followed by other similar efforts in Rajasthan, parts of Uttar Pradesh and elsewhere. Paulomee Mistry , general secretary...
More »“Inflation will be reduced to 5-6 per cent by year-end”
Projecting an 8.5 per cent economic growth for the current fiscal, Prime Minister Manmohan Singh on Monday conceded that rising prices had brought distress to the common man, but exuded confidence that the “corrective” efforts of the Centre and the States would bring down inflation to about five or six per cent by the end of December this year. At a press conference here to mark the completion of the UPA-II...
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