Several civil society organisations of Tamil Nadu are getting together to organise a Peoples’ Audit in the state to assess the need and efficacy of the proposed 139 Special Economic Zones (SEZs) that are in various stages of approval. The audit will take place from October 24 to October 26 and members of the media are welcome to participate and witness the exercise in the presence of eminent economists, social...

The concepts of multiplier and accelerator borrowed from macroeconomic theory illuminate the enormous potential of NREGA and help set standards that it must be judged by.  Over the last few months, just as the economy entered its current recessionary phase, the mainstream media, which till then had been uniformly unswerving in their antipathy to NREGA (National Rural Employment Guarantee Act), suddenly began to sing its praises. In all the gloom...

Agriculture is not just a food producing machine but the backbone of the livelihood of 60 per cent of Indians. The extensive drought spotlights a situation of mass rural deprivation and a mindset that is insensitive to it. But there are some encouraging signs. What should be done to meet the challenge?  There are reports in financial newspapers that the ongoing drought affecting nearly 200 districts in the country may...

A food security law will be meaningful only if it is based on universal food provision and ensures that every citizen’s nutritional needs are met. At an outlet of the public distribution system in Erode, Tamil Nadu. States such as Kerala, Tamil Nadu and Andhra Pradesh have defined BPL in such an inclusive way that the vast majority of the population is included, which makes their food distribution schemes...

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...