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Gujarat among industrial growth laggards in FY12-Somesh Jha

-The Business Standard The state was the sixth-worst during the year, according to the Annual Survey of Industries data A set of government data released recently seems to puncture the Narendra Modi-led Gujarat government's claim that the state's industrial performance has been robust. According to the data fron the Annual Survey of Industries (ASI), the industrial growth rate for the state's organised sector slumped below one per cent in 2011-12. And, in fact,...

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Nomura says slowing rural wages should bring inflation down

-PTI MUMBAI: Japanese brokerage Nomura today said with real rural wages moderating, both rural demand and inflationary pressures will moderate in the medium-term, giving the much-needed room to the Reserve Bank to lower interest rates. "Though rural wages continue to rise, the pace of growth is moderating. Growth in the average daily wage rate for agricultural labourers dipped to 13.1 per cent in August year- on-year, which is significantly slower than 18.5...

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What Gujarat can learn from Bihar and Odisha-Himanshu

-Live Mint Not only have Bihar and Odisha grown faster they have also ensured that benefits accrue to the poorest; in Gujarat, growth has bypassed the poor Going by logic, the poor in richer states should be better off than their counterparts living in poorer states. This is especially so when the country is seeing a welcome trend: Income growth in rural areas and poverty reduction has witnessed unprecedented acceleration. Not necessarily. Not...

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Some good news: Farm sector likely to grow over 5%-Surojit Gupta & Sidharth

-The Times of India NEW DELHI: Agricultural GDP is likely to grow by over 5% this year thanks to the most abundant rains in nearly two decades, a government thinktank has forecast. If the prediction turns out right, it could help tame food inflation, provide a much-needed boost to rural incomes and a knock-on effect on other sectors of the economy. The demand for two-wheelers, tractors and mobiles, in particular, could rise...

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The coast is clear for corporate polluters -Manju Menon

-The Hindu If the Adani group is allowed to continue its development projects in Kutch simply by ‘compensating' for their ecological damage, the Centre will set a dangerous precedent that lets money power trump environmental regulations The Adani Group may be fined Rs.200 crore for a series of environmental violations committed by their waterfront development, port and power plant projects in the Mundra taluka of Kutch district. The waterfront development project, which...

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