-Vikalp The contribution of education in economic development has been investigated since the early 1960s, originating in the University of Chicago (Schultz, 1961; Becker, 1964), championed by the Human Capital School - in which expenditure on education is regarded as an investment. It was argued through the endogenous growth theory (Lucas, 1988; Romer, 1990) that spending in education is crucial for increasing labour productivity and accelerating the pace of economic growth....

-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...

-PTI India is asking for a change in the base year (1986-88) for calculating the food subsidies Supporting India's tough stand at WTO on the food security issue, UN body for development of agriculture IFAD today said ensuring food for its people is more important than creating jobs in certain other nations. "Creating jobs for some other country, while people are still hungry, doesn't make sense... If I was in the position of...

-IANS Panaji: Factors as innocuous as the humble grain-carrying sack to the mighty El Nino could have a varying impact on grain production and delivery this year, experts suggest. Detailed presentations made at a recently-concluded 'Global Grain and Feed Forum' conference in Goa suggest that the occurrence of the El Nino phenomenon in June could to some extent rob India of its monsoon, but also note that poor quality sacks are also...

-The Business Standard   The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...