-The Hindu PM Modi to head panel that will give strategic advice On the first day of the New Year, the Modi Government set up NITI Aayog (National Institution for Transforming India) in place of the Planning Commission. The Prime Minister will head the new institution tasked with the role of formulating policies and direction for the Government. Its Governing Council will comprise State Chief Ministers and Lt. Governors of Union Territories. The...
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Are SEZs Specially Useless Zones? -Pravakar Sahoo
-The Hindu Business Line The CAG report details how these have neither helped industrial development nor boosted the economy Nearly a decade after the Special Economic Zones Act was brought into force, it is evident that the move has not helped industrial development. After examining SEZs in terms of background and objectives, fiscal incentives and facilities, approval process and administration, as well as life cycle, State-wise distribution and overall performance, parts of a...
More »MGNREGA works well for the poor -Clement Imbert and John Papp
-Livemint.com Evaluating the impact of MGNREGA on rural labour markets, and on urban labour markets via seasonal migration Policymakers and academics are actively debating the efficacy of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and whether or not the new government should retain it in its current form in recent research. We have evaluated the impact of MGNREGA on rural labour markets, and on urban labour markets via seasonal migration....
More »Half of farm households in debt
-Business Standard Surveys show 40% still get loans from non-institutional sources & at high rates A little over half of India's agricultural households were in debt, with 40 per cent of the dues from non-institutional lenders, during agricultural year 2012-13 (July to June), according to a official survey. This 'Situation assessment survey of agricultural households' showed 51.9 per cent of all agricultural households were indebted, with the average amount of unpaid dues being...
More »Only 40 per cent of rural households dependent on farming as main income source: NSSO -Harish Damodaran
-The Indian Express Hardly 58 per cent of rural households in India are engaged in farming activity, which, in turn, contributes not even 60 per cent to their average total monthly incomes. These are the findings of the latest countrywide "Situation Assessment Survey of Agricultural Households" conducted by the National Sample Survey Office (NSSO) for the 2012-13 crop year from July to June. They refute a common perception regarding agriculture - how it...
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