The state government has proposed to spend more than Rs7,300 crore on the ailing agriculture sector — in desperate need of assistance after registering negative growth in the previous financial year — and on irrigation. However, this may not translate into direct assistance to farmers. Moreover, this year’s state budget continued to neglect dry land farming – which is of serious concern in view of erratic weather conditions – and has...

The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...

To get the Below Poverty Line figures in perspective, we need to closely monitor the numbers driving the Corporate Plunder Line. One Tendulkar makes the big scores. The other wrecks the averages. The Planning Commission clearly prefers Suresh to Sachin. Using Professor Tendulkar's methodology, it declares that there's been another massive fall in poverty. Yes, another (“more dramatic in the rural areas”). “Record Fall in Poverty” reads one headline. The record...

-IANS Debunking the government's claim that the number of poor  in India has come down, a top adviser has claimed that around 70 % of the country's 1.2 billion population is poor, and stressed the need for a multi-dimensional assessment of poverty.  "The government claim that poverty has come down is not valid... there is a need for a multi-dimensional assessment of poverty as around 70% of the population is poor," National Advisory...

-The Hindu “We are the only country where vested interests want to keep the figures high” Even as the Centre is trying to find a face-saving solution to the issue of embarrassing poverty estimates put out by the Planning Commission, Union Minister for Rural Development Jairam Ramesh on Sunday wondered why people were picking holes instead of celebrating the fact that the number of people living below the poverty line had come...