-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...
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Agriculture sector performs well
-The Hindu Despite agriculture and allied activities accounting for only 14.1 per cent of the GDP in 2011-12, the Economic Survey recognises the sector’s role in the country’s economy as ‘much bigger’ with its share in total employment being as high as 58.2 per cent. Fast agriculture growth and reforms in the sector remain vital for jobs, income and food security, the Survey notes, while reinforcing the need for setting the growth...
More »Right to Homestead Bill: Task force to finalise draft-Priscilla Jebaraj
-The Hindu Draft Bill to be discussed on Tuesday After legislating the Right to Information and Education — and making a stab at the Right to Work and Food through the Mahatma Gandhi National Rural Employment Guarantee Act and the Food Security Act respectively — the government’s next step seems to be aimed at legally upholding the right to a home of your own. On Tuesday, a task force set up by the...
More »Deciding who gets to eat -Brinda Karat
-The Hindu By allowing futures trade in food and diversion of farm land for commercial purposes, the UPA government is fuelling the price rise International agencies are warning of high food prices on a global scale in 2013 if urgent action is not taken. But our government shows little concern. The President’s address to Parliament had only a cursory mention of inflation. “Inflation is easing gradually, but is still a problem,” he...
More »A boon in the rural landscape: Data shows that the MGNREGA is doing more to create employment than many have argued recently -Neelakshi Mann, Varad Pande & Jairam Ramesh
-The Times of India Few government programmes are as debated in this country as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Introduced by the UPA government in 200 backward districts in 2006, and extended to the entire country by 2007-08, MGNREGA has become a fact of life in rural India; on an average around 25% of rural households seek employment under the scheme annually. In recent times, it has become...
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