Amidst uncertainty over India's performance in terms of agricultural production and livelihood security of rural population, the Union Budget of 2016-17 will be presented by Finance Minister Shri Arun Jaitley on 29 February. Given the extent of drought in more than 10 states of India during 2015-16, it is expected that the NDA Government will allocate more resources for rejuvenating the rural sector. Since the country has seen two years of...
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Arvind Subramanian, Chief Economic Advisor, interviewed by Business Standard
-Business Standard Indian economy is closely integrated with the global economy, which is facing a slowdown, and so the headwinds are difficult to avoid, Chief Economic Advisor Arvind Subramanian told journalists in an interaction after presenting the Economic Survey 2015-16. In this uncertain environment, monetary and fiscal policies should aim to purchase insurance, so to speak, against the global slowdown, he said. Edited excerpts: * In the backdrop of a global slowdown,...
More »'Villain' shrub may yield drought-resistant rice -Ekatha Ann John
-The Times of India Chennai: For long, they were dubbed as the villain among vegetation, sucking all the water from ground, spreading rapidly along the coast and degrading the environment. More than a century after Prosopis juliflora, a shrub, was introduced in Indian soil by the British, scientists are now trying to use its genes to engineer rice varieties that can withstand water scarcity. After coming up with rice grains that are...
More »Drug pricing: a bitter pill to swallow -Feroze Varun Gandhi
-The Hindu Medicines remain overpriced and unaffordable in India. In a country mired in poverty, medical debt remains the second biggest factor for keeping millions in poverty. The international pharmaceutical industry has found its cash cow in India’s beleaguered consumers. With a minimum wage of Rs.250/day for a government worker, a basic wage worker afflicted with a chronic disease like multi-drug-resistant tuberculosis faces penury. His treatment, with drug combinations, which works out...
More »Quantifying the caste quotas -Sonalde Desai
-The Hindu The lack of any established principles or credible data prompts demands for reservation such as those of the Patels and Jats.The solution lies in shuffling reserved categories. It is only when Jats, Gujjars or Muslims demand reservation, and particularly when these demands become aggressive, that our political system suddenly wakes up and takes notice. However, this notice is simply confined to ascertaining whether the specific group demanding reservation is worthy...
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