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A richer approach to Poverty Reduction -Shailaja Fennel

-The Hindu Business Line India can learn from Brazil’s Bolsa Familia and China’s Gansu Programme to make refinements to its MGNREGA scheme. The development experiences of Brazil, China and India provide a valuable opportunity to understand the relationship between growth and distribution over periods of high rates of growth. The growth story playing out in all the three emerging economies have resulted in large regional as well as spatial inequalities, between rural and...

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Montek lectures Congress on subsidy slash-Sanjay K Jha

-The Telegraph One Singh has told the Congress what another Singh probably wants to: create a political environment conducive for reducing subsidies. Planning Commission deputy chairman Montek Singh Ahluwalia has told Congress MPs that subsidy cuts are essential if India has to preserve its growth momentum — a statement more in line with the known views of Prime Minister Manmohan Singh than the populist line preferred by many Congress leaders. Many Congress MPs,...

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Resurgent agricultural sector to have larger share in economy-Vinay Pandey

-The Economic Times A change in the national accounts, slated to take place sometime in the next two years, will show that a resurgent farm sector is now the second biggest contributor to the economy, displacing manufacturing and financial services. The unexpected reversal is not just a statistical artefact. Instead it is an outcome of a change in the terms of trade, the price of agricultural produce compared to industrial output since...

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Poverty plunged under UPA rule, claims govt study-Chetan Chauhan

-The Hindustan Times The UPA government’s economic policies have resulted in record reduction of poverty over the last two years, with the individual’s monthly expenditure rising by around 18% per annum, the highest since 1987, government data released a week before the Parliament’s monsoon session claimed. The government’s National Sample Survey Organisation released the provisional data of the Household Consumer Expenditure Survey for 2011-12 on Wednesday. The study is the most crucial...

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Terminal damage-Ramachandra Guha

-The Hindustan Times In June 1992, Manmohan Singh, then finance minister in the Government of India, delivered the Foundation Day Address of the Society for Promotion of Wastelands Development (SPWD). He spoke on the topic ‘Environment and the New Economic Policies’. In his talk, Singh urged “objective standards industry-wise for safeguarding the environment, asking industry to certify compliance with these standards, institution of an effective system of verification and industry audit...

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