The B S Yeddyurappa government rolled out a whole new slew of populist schemes in its 2011-12 revenue surplus Budget on Thursday, targeting an increase in the number of ‘direct beneficiaries’, especially in the agriculture sector. New schemes announced in Yeddyurappa’s Budget include a provision of Rs 10,000 each to 10 lakh small farmers in dry lands, reduction of interest rates on co-operative bank loans from three to one per...

Faced with soaring food prices for the second time in three years, senior United Nations experts today called for greater investment in agriculture from both the public and private sectors to increase smallholder productivity.   “Policy-related solutions are also required to increase the longer-term resilience of global agriculture to allow greater levels of supply to markets as demand grows,” UN Food and Agriculture Organization (FAO) Senior Economist Jamie Morrison told a meeting...

Pranab Mukherjee today got an opportunity to escape the drudgery of financial jargon and immerse himself in phrases such as poor, women, Muslims, farmers, weavers and prices. At an annual pre-budget exercise at the Congress headquarters, most party leaders asked the finance minister to provide relief to “the common man”, bring down inflation to a single digit, reduce petrol prices, lower interest rates on agriculture, housing and education loans and offer...

I was awakened early one morning recently by someone who said he was enormously enjoying my on-going debate on economic growth in India. I was very pleased that I had given someone some joy, but I also wondered what on earth he could be talking about, since I have not been involved in any such debate. As it happens, I am getting a steady stream of telephone calls and electronic...

At present, the government spending on education is about 3.4 percent of GDP ‘It is imperative that the government increase outlays in Sarva Shiksha Abhiyan' A delegation of the People's Budget Initiative met Finance Minister Pranab Mukherjee here on Saturday to demand enhanced resources for the social sector which was crucial for the development of human resource and the nation. Formed in 2006, People's Budget Initiative is a coalition comprising representatives from people's...