The recession is a promising moment to expand NREGA with greater emphasis on building social capital in a big way.  Soon after assuming office, the first UPA government took an impressive step for the alleviation of rural poverty by launching the National Rural Employment Guarantee Scheme. It was, indeed, a wise move to insulate the programme from the vicissitudes of electoral politics by enacting the National Rural Employment Guarantee Act...

Fishermen have abandoned lakes in the area after seawater raised alkaline levels in the wake of Alia Kultali, West Bengal: For the past 30 years, Atal Naskar has been making enough money from his three-acre fishing lake to feed a family of 10. But three months ago, this 50-year old fisherman fled his home in Kultali in West Bengal’s Sunderbans delta, hounded by moneylenders because he couldn’t repay a loan...

It came as no big surprise to anyone at all that US President Barack Obama made a speech filled with noble intentions, but very little concrete action, on the issue of climate change at the Climate Change Summit, which just concluded in New York. Environment activist had great hopes that the US President would think "out of the box" and take the lead in ensuring that the US, one of...

THE LAUNCH of free market liberalisation in 1991 triggered widespread prosperity for the Indian middle classes, making them the showpiece of India’s muchfêted economic boom. But little has ever changed for the bulk of the country’s poor, hundreds of millions of who continue to barely scrape through from day to day, doomed to extreme poverty and, consequently, malnutrition, disease and death. For decades, many among these millions have survived, however...

Output and Growth     According to the [inside]Economic Survey 2017-18, Volume-2[/inside] (please click here to access): • The growth rates of agriculture & allied sectors have been fluctuating at 1.5 per cent in 2012-13, 5.6 per cent in 2013-14, (-) 0.2 per cent in 2014-15, 0.7 per cent in 2015-16 and 4.9 per cent in 2016-17. • The Gross Capital Formation (GCF) in Agriculture and Allied Sectors relative to Gross Value Added (GVA) in...