-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
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Bitter sweet
-The Indian Express Over-regulation by government once again ensures that injustice is done to UP’s sugarcane farmers. The story of Uttar Pradesh’s sugarcane farmers facing distress due to non-payment of dues by the sugar mills is not a new one. Yet again, as against the promised payment of Rs 17,972 crore, at the state advised price (SAP) of Rs 280 per quintal, farmers have received just Rs 11,268 crore from the UP...
More »The pulse of India’s agrarian economy
-Livemint.com Pulses use less water per unit crop and also address hidden hunger The severe drought across India should hopefully help focus attention on the overuse of water in agriculture. A data analysis by Roshan Kishore in this newspaper last week showed that the average water footprint for five major crops—rice, wheat, maize, sugarcane and cotton—is far higher than global averages. At the root of the problem is a policy framework that...
More »The indirect benefits transfer -Jayati Ghosh
-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...
More »Maha Drought: Task Force seeks ban of cash crops -Abhijit Mulye
-The Free Press Journal Mumbai: Drinking water is an over exploited source for cultivation of cash crops like sugarcane and BT Cotton, which has added fuel to the fire of the agrarian crisis in the state. Hence these crops need to be banned and replaced with food crops like oil seeds, pulses, maize and sorghum; this needs to be supported with state incentive and price protection, a state government task force...
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