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The growth model has come undone-Mritiunjoy Mohanty

-The Hindu Unsustainable import competition and the end of the investment subsidy that the sale of under-priced resources provided to Indian companies are the main reasons why the economy has slowed down What has been called the ‘golden age’ of India’s economic growth was underpinned by global integration, high rates of investment and savings growth and low current account deficits. The slowdown is characterised by a sharp deceleration in investment growth on...

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Sowing gets boost as monsoon covers central, northwest India

-The Economic Times The monsoon has covered the key farming regions of central and northwestern parts of the country, giving a boost to sowing. However, the coarse grainproducing areas of western Rajasthan and Gujarat are yet to get any rain spell.  "The monsoon is progressing well. There are chances that rains will be good in July, allaying fears of a major crop loss. The July rain this time is likely to be...

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No One Killed Agriculture

-Inclusion.in There is good news. And there’s bad news. The good news first. There’s been a bumper wheat crop and the granaries are overflowing. And the bad news? Where do we begin? A lot of that grain will rot. Millions will still remain hungry. Heavily in debt and distressed, farmers are committing suicide. Food prices are soaring. There’s more… Farmers don’t have money. Their land is too small and isn’t yielding much. Fertilisers and...

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CAG's next task

-The Business Standard Delhi's power tariff hike needs a thorough probe Since the privatisation of power distribution in Delhi in 2002, the average domestic electricity tariff has seen a rise of 107 per cent. It was Rs 2.50 a unit in 2001-02 and – after last week’s increase of 24 per cent with effect from this month – has gone up to Rs 5.17 a unit. This latest hike comes after another...

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Reading the rains

-The Hindu This year, not only did the monsoon reach India a few days late but its progress thereafter has been alarmingly lackadaisical. While Assam has been deluged and is reeling from the resulting floods, over 85 per cent of the country is suffering from far too little rain. The result is that the nationwide rainfall deficit stood at a grim 29 per cent at the end of June. Rainfall data...

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