-The Hindu In the present state of the economy, when there is excess capacity in manufacturing, adequate stocks of foodgrain and the inflation rate is trending downwards, there is an opportune moment for a public investment-centred fiscal expansion Over the past eight months, the government has issued some strong statements on the economy and taken some bold steps aimed at transforming it. As it prepares to present its first real budget we...
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The debt story less told -KP Prabhakaran Nair
-The Hindu Business Line Small and marginal farmers in rainfed regions are trapped in a losing battle with agriculture - and with life The lot of the poor Indian farmer keeps deteriorating with the passage of time. According to the National Sample Survey Office (NSSO) data released on December 19, 2014, during the last decade, the bloated debt of Indian agricultural households increased almost 400 per cent Even the number of heavily...
More »The twist in the growth story -C Rangarajan
-The Hindu Reforms must be part of a continuing agenda. The basic principle guiding reforms must be to create a competitive environment with a stress on efficiency. In many ways the coming decade will be crucial for India as growth is the answer to many of its socio-economic problems The data on national income released recently give a new twist to India's growth story. The most significant change is with respect to...
More »Slowdown in rural wages not a temporary phenomenon -Ishan Bakshi
-Business Standard While the revised estimates of the gross domestic product (GDP) suggest the Indian economy turned the corner in 2013-14, concerns remain over the durability of this nascent recovery. Particularly worrying is the recent slowdown in rural wage growth, which signals a weakening of rural demand. Growth in rural wages, which had averaged 18 per cent in the previous few years, fell to less than five per cent in September...
More »Activists Accuse Govt of Using Budget Cuts to 'Dilute' MNREGA
-Outlook Activists today accused the government of using budget cuts to "rapidly dilute and undermine" the rural job guarantee scheme MNREGA. On the occasion of 10th anniversary of Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), Jayati Ghosh of People's Action for Employment Guarantee (PAEG) alleged that an implicit budget cap was being put on the scheme and that there had been delay in release of funds. "The attack on MNREGA began before...
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