-The Hindu The pursuit of full employment of labour cannot primarily rely on domestic private investment, much less FDI. Only public investment will steady us in the long run. We are increasingly told that the inflow of capital — particularly the foreign direct investment (FDI) variety — increases employment levels and contributes to economic growth. In a rare interview given to The Wall Street Journal in May, Prime Minister Narendra Modi reinforced...

Rising prices of dal: How to deal with it? The 68th session of the United Nations General Assembly declared 2016 as the International Year of Pulses. In India, however, ordinary citizens are under enormous duress due to the skyrocketing prices of dal/ lentils since the last one year. The website of Price Monitoring Cell of the Department of Consumer Affairs shows that dal prices varied across places. For example, the...

-Livemint.com Fresh fund infusion means the overall budget allocation for MGNREGS in 2016-17 will be Rs43,500 crore New Delhi: The Narendra Modi-led National Democratic Alliance government has increased the budget for the national rural employment guarantee scheme by Rs.5,000 crore to Rs.43,500 crore for 2016-17, minister of state for rural development Ram Kripal Yadav told Parliament on Monday. The scheme “will not be shut down but strengthened. It is a special direction...

-The Indian Express Price and technology-led incentives alone will not help boost pulses and oilseeds production in the country. Indian agriculture is governed by an impossible trinity or “trilemma” that requires it to meet three simultaneous objectives — global competitiveness, social inclusiveness and environmental sustainability — each often at odds with the other two. Official policy has largely tilted towards supporting the first two goals, with token, if not grudging, acknowledgement of...

-Hindustan Times New Delhi: The government is readying a new policy framework to rein in the inflationary impact and stabilise the supply of pulses, a widely consumed but scarce food item with economy-wide implications. Three ministries – agriculture, food and finance – and the state-run policy think-tank Niti Aayog are coordinating efforts to frame the new measures that will see the government step in as one of the key importers of pulses. “The...