-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
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Famine-hit Bundelkhand in distress; chapati-salt becomes the staple food -Rupashree Nanda
-CNN-IBN It's lunch time in Bundelkhand's Gudrampur village. Shyama knows the four hungry children waiting patiently will soon be restless. She is glad her sister-in-law Chunni Bai is helping. She is expecting her third child and pregnancy makes her tire easily. In the ninth month now, it's impossible to trek the 10 km circuit to collect firewood from Kadhaili and then sell it at the Fateganj market. She would make Rs 25...
More »Sri Sri Ravi Shankar's event dashes farmer's dreams -Baishali Adak
-India Today Farmers along the Yamuna have claimed that Sri Sri's Art of Living Foundation forcibly acquired land from them for an event at a low compensation. New Delhi: This comes not from areas like Beed or Vidarbha where distressed farmers commit suicide every year, but the National Capital Region itself. While a mega-show has been planned for Sri Sri Ravi Shankar's Art of Living (AOL) Foundation event in farmland along the...
More »Just another trivial Budget -Ashok V Desai
-The Hindu The Finance Minister’s prescriptions are a classic case of being unable to see the wood for the trees, be it on the tax proposals, the rural outreach or the bank bailout. It was a marathon achievement: 12,187 words in 111 minutes. True, there were no interruptions; the Finance Minister virtually sent the House to sleep. I have listened to many Budget speeches; and I cannot say that Dr. Manmohan Singh...
More »Pretending to be pro-poor, little change over UPA -Arun Kumar
-The Tribune While giving concessions worth Rs.1,000 crore in the direct taxes paid by the rich, the government plans to net an extra Rs. 19,000 crore in indirect taxes, which are contributed by all. This reveals a regressive intent. Like all Union budgets, this one also is long on promises but hides the real dynamics, namely, how the resources are to be raised for the promised very substantial expenditures. The budget is...
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