-The Times of India NEW DELHI: In the last one week or so, the government has actively turned its focus towards reviving the country's economy. On Thursday, news agency Reuters quoted government officials to report that the Centre is planning to spend up to Rs 50,000 crore to arrest the 'economic slowdown'. This report came a day after Finance Minister Arun Jaitley said that the government is considering additional measures to...
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Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
More »Why is Karnataka protesting change in definition of drought? -Jitendra
-Down to Earth New norms for declaring drought are too stringent to be practical and are indicative of Centre’s intention to pass on the financial burden to states Karnataka government has opposed Centre’s move to change parameters for drought assessment. The new manual for drought management limits Centre’s scope to offer financial assistance to states in the eventuality of drought. Unlike the 2009 manual for drought management—which was a mere guideline...
More »Krishna Byre Gowda, Karnataka Agriculture Minister, interviewed by Vishwanath Kulkarni (The Hindu Business Line)
-The Hindu Business Line Karnataka, the first State to formulate an organic farming policy way back in 2004, has stepped up measures to spread the concept among farmers in recent years. Also, it has been working on rebuilding farmers’ interest in millets through incentives such as guaranteed buy-back and a bonus over the minimum support price. To provide market linkages to the over 1 lakh organic farmers in the State, the Karnataka government...
More »MGNREGA lesson for universal basic income: Once introduced, there's no going back -Aurodeep Nandi
-The Financial Express The one irrefutable lesson from MGNREGA, is that once introduced, there will be no going back India is one of the most unequal countries in the world. In terms of Gini coefficient, i.e., measure of income inequity, India ranks a dismal 135 out of 187 countries. This means that most of the prosperity that an increasingly economically liberalised India is seeing, belongs primarily to the top-income percentiles. One in...
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