After failing to come anywhere near the 10th Five Year Plan (2002-07) target of 4 per cent per annum rate of growth of agricultural output, the Planning Commission has projected a lower target growth rate of 3 to 3.5 per cent per annum for the 11th Plan period. While some may view this as a more modest target, others may consider it as still far too ambitious, given the track...
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Rich households outnumber low income families: NCAER
The growing economy has spun a wheel of fortune for Indians, with high income households outnumbering those in the low category for the first time at the end of 2009-10, according to estimates made by think-tank NCAER. India has 46.7 million high income households as compared to 41 million in the low income category, the National Council of Applied Economic Research (NCAER) estimates on Earnings and Spendings have revealed. "For the first...
More »88,000 fake ration cards by Ashutosh Mishra
Orissa government to save Rs 40 crore by cancelling them THE Orissa government has cancelled over 88,000 bogus ration cards detected during a two-and-a-half-month drive by the state’s food supplies department. Sources said more than 68,000 of the ghost cards detected in 27 of Orissa’s 30 districts between November 2009 and January this year belonged to the Below Poverty Line (BPL) category; 9,877 such cards were under the Antyodyaya scheme aimed to...
More »Does the govt know how to control rising prices? by Subodh Varma
Does the government really have any clue about how to go about controlling prices? A quick survey of statements made by everybody from the prime minister downwards shows a picture of groping in the dark, while handing out empty assurances from time to time. What is worse, it's all smoke and mirrors for the public. Coming as it does from a government that is loaded with top-notch economists, it is...
More »Blueprint for farm growth by Mohan Dharia
Acting with determination and firm action, it should be possible for India to step up its agricultural growth rate to 10 per cent. The 11th Five Year Plan seeks to achieve 4 per cent growth rate in agriculture by the end of the Plan period. The Planning Commission is working towards an overall 9 per cent to 10 per cent growth rate. But the target of 4 per cent growth rate is...
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