-The Business Standard Cautious optimism about the revival of the monsoon A progressive improvement in the monsoon, after a dismal June that saw rainfall deficient by over 30 per cent, has eased some worries over kharif crop production. Since then the rainfall deficit has been halved to 15 per cent, dispelling fears of a situation as bad as in 2009, when severe drought lowered foodgrain production by seven per cent. In addition,...
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This expensive bulb is fused-Surya P Sethi
-The Hindu Universal electrification will remain a dream unless the government fixes the flaws in its much vaunted scheme to provide power to rural India In his Independence Day speech, the Prime Minister made the statement that “when the UPA Government came to power in 2004, we had promised that we would provide electricity to all villages.” He then went on to say: “Our next target is to provide electricity to each...
More »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...
More »Switch from farm subsidy to farm investment-Ashok Gulati
-The Economic Times With a weak monsoon, farmers and farm labour, agri-investors and policy makers, everyone is looking up in the sky and praying for more water to pour. Farm analysts are debating whether this will lead to a drop of 16 million tonnes of foodgrain, as it happened in 2009, or 38 million tonnes, as it did in 2002. NCAER is projecting 20 million tonnes drop in grain production in...
More »Bihar to spend in 5 years what Gujarat did in 50 years-Pradeep Thakur
-The Times of India An ongoing exercise at the Planning Commission lays bare Bihar's ambitious growth agenda. Its total plan outlay for the 12th five-year plan (2012-17) at Rs 2.69 lakh crore is more than what a fast growing state like Gujarat has spent in the last 50 years. Bihar's projected expenditure in the next five years will be the third highest among all states, next only to Andhra Pradesh and Maharashtra. The...
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