-The Guardian India's PM points to Gujarat as an emblem of economic success. But despite impressive growth, the state lags behind on welfare Narendra Modi has just unveiled his first budget after winning a massive electoral victory on a development platform. The budget presented last week has disappointed those who were expecting stronger signals about a pro-market shift in economic policy, as well as in the stock market. However, the budget has...

-The Financial Express Global rice trade doesn't operate on market principles. Rather, it is guided by politics, vested interests and weather Rice is a political commodity. Governments all over the world maintain regimentation on rice production and trade through price controls and subsidisation, tariffs, phytosanitary and environmental safety standards-sometimes in a whimsical manner. On July 6, the United States International Trade Commission (USITC) notified investigations (to be completed by April 2015) on...

-The Business Standard Slew of monetary allocations show no clear shift in strategy Finance Minister Arun Jaitley peppered his long speech with announcements of 28 schemes and projects of Rs 100 crore each. This suggests the National Democratic Alliance had grafted a social and agriculture agenda different from the United Progressive Alliance's.   However, it was a relatively low-cost trick to dazzle and distract in a year when fiscal constraints remain as worrisome. The...

-Down to Earth Report shows good progress in areas like poverty alleviation and access to clean water and controlling diseases like TB, Malaria The United Nations (UN) released this week the Millennium Development Goals (MDG) Report, 2014. The report, launched by UN secretary-general Ban Ki-moon, says that many of the development goals have been met or are within reach by 2015. The report is the latest finding to assess the regional progress towards...

-The Hindu Business Line   Perpetual growth is a piece of nonsense. The focus should be on protecting livelihoods through sustainable means Construct a building, demolish it, reconstruct, break it down again, and go on repeating this meaningless exercise. You will have economic growth, as currently measured. But no net gain in employment during the endless cycle of construction and demolition, no net increase in productive capacity, and no appreciable change in poverty...