-Outlook 7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the Base Year)...
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Why ending poverty in India means tackling rural poverty and power -Vanita Suneja
-Oxfam Blog Vanita Suneja, Oxfam India's Economic Justice Lead, argues that India can't progress until it tackles rural poverty. This entry was posted on 3 February 2015. More than 800 million of India's 1.25 billion people live in the countryside. One quarter of rural India's population is below the official poverty line - 216 million people. A search for economic justice for a population of this magnitude is never going to be...
More »Maharashtra farmer suicides: 50% of kin denied relief -Chittaranjan Tembhekar
-The Times of India MUMBAI: Families of nearly half of the farmers in Maharashtra who have committed suicide over the last four years are not eligible to get even the paltry Rs 1 lakh compensation thanks to government rules. Maharashtra, along with Tamil Nadu, WB, AP, Chhattisgarh and MP, registers a high number of farmer suicides. An RTI application by activist Jitendra Ghadge has revealed that of the total 5,698 suicides registered...
More »These rancid rankings -Shamnad Basheer
-The Indian Express "If we did not have a patent system, it would be irresponsible, on the basis of our present knowledge of its economic consequences, to recommend instituting one." So said Fritz Machlup, a wise American economist several decades ago. His words remain as true now as they were then. For, the patent system is one of the most faulty legal regimes that one could possibly have conceived. It purports...
More »NREGS in Rajasthan: Rationed Funds and Their Allocation across Villages -Himanshu, Abhiroop Mukhopadhyay, and MR Sharan
-Economic and Political Weekly The performance of National Rural Employment Guarantee Scheme in Rajasthan was debated for its stupendous performance in the initial years of the scheme, but also for the relative sharp decline after 2010. Based on a large representative primary survey, this paper argues that the decline in performance of this scheme in Rajasthan is not entirely due to the lack of demand. Instead, the supply-driven top-down nature of...
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