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The growth of an idea called development -Nilanjan Ghosh

-The Hindu Business Line While the limitations of the concept of economic growth are acknowledged, we need a better index than HDI Despite claims that economic development as a branch of economic science emerged only in the 1950s, there is no doubt that the notion of development existed even in classical economic thought processes, emerging from the writings of Adam Smith and David Ricardo. The recognition of development economics as a discipline...

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RIP Planning Commission -Nitin Desai

The Business Standard The Planning Commission has not been central to the policymaking process since the mid-1960s In his Independence Day speech, Prime Minister Narendra Modi announced the end of the Planning Commission. There will be few mourners at its funeral, mainly old war horses like me. So this is in the nature of an obituary for an institution in which I served for a decade and a half, and where I...

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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar

-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...

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All about genetically modified food -Rahul Goswami

-The Asian Age Three common arguments are advanced to the citizens of India as justifying the need for genetically modified crops. None of these owe their intellectual genesis to the present NDA government (which is employing them nonetheless), and can be found as theses in both UPA2 and UPA1. They are: Genetically engineered seed and crop are necessary in order that India find lasting food security; that good science and particularly...

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Schemes and Programmes for the Benefit of Small and Marginal Farmers

-Press Information Bureau/ Ministry of Agriculture Government restructured the ongoing scheme and following centrally sponsored Mission/Schemes are under implementation from 1.4.2014: (i) National Food Security Mission (NFSM) (ii) National Horticulture Mission (iii) National Mission on Oilseeds & Oil Palm (iv) National Mission for Sustainable Agriculture (NMSA) including Micro Irrigation (v) National Mission on Agricultural Extension & Technology (vi) Integrated Scheme for Farmers Income Security (vii) Integrated Scheme on Agri. Census & Statistics (viii) Integrated Scheme on Agriculture Marketing (ix)...

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