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The good is in the detail -S Gurumurthy

-The Hindu   The national discourse is so superficial that it only talks of foreign direct investment, investment allowance, tax sops and the like which are just about a twentieth to a sixth of the national economy. It did not even notice paragraph 102 in the Union budget speech which is about half of India's economy. Commentators see facts hidden in budgets as the "devil's in the detail." This presumes that only...

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Agriculture sector: Challenges & Reforms Required

-Press Information Bureau/ Ministry of Finance The Economic Survey 2013-14 released in New Delhi today has highlighted several challenges and reforms required in the agriculture sector. The Economic Survey states that as a concomitant of growth, the share of agriculture and allied sector in gross domestic product (GDP) declined to 15.2% during the Eleventh Plan and further to 13.9% in 2013-14 (provisional estimates-PE). While it still accounts for about 54.6% of...

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On the mythology of social policy -Jean Drèze

-The Hindu   India is among the world champions of social underspending. Without enlightened social policies, growth mania is unlikely to deliver more under the new government than it did under the previous one Few people today remember the letter written on August 7, 2013 by Mr. Narendra Modi, then Chief Minister of Gujarat, to Prime Minister Manmohan Singh. In this letter, available on the Bharatiya Janata Party (BJP) website, Mr. Modi criticised...

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More rice from less water -Rita Sharma

-The Hindu   With water becoming an important cost, and with climate change and soil degradation, the System of Rice Intensification offers disadvantaged farming households better opportunities A truant monsoon is in the offing, with El Niño weather patterns expected to bring about drier conditions. India has the world's largest area devoted to rice, a very water-intensive crop. This is a good time for giving impetus to "more crop per drop" practices, now...

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For a better MGNREGA -Rita Sharma

-The Indian Express The scheme should be refocused towards creating durable assets in agriculture. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has a significant influence on agricultural operations and cultivation costs. If its present focus on community works can be reoriented to proactively promote improvements on the landholdings of small and marginal farmers through the creation of durable assets, it will be beneficial for agricultural productivity and incomes. Critics say that...

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