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Third year in a row, horticulture output beats grain production -Vishwa Mohan

-The Times of India NEW DELHI: India's horticulture output has outpaced the production of foodgrains third year in a row in 2014-15 despite deficit monsoon, unseasonal rains and hailstorms. Besides, horticulture production also showed continuous increase unlike foodgrain output which reported a decline in 2014-15 as compared to 2013-14. The figures are part of the horticultural statistics, released by the agriculture ministry on Thursday. The report - Horticultural Statistics at a Glance...

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Arvind Subramanian, Chief economic advisor, speaks to Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana

-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...

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NDC to be scrapped, NITI Aayog council likely to get its powers -Puja Mehra

-The Hindu After the Planning Commission, the Narendra Modi-led government is set to bring down the curtains on another Nehruvian legacy: the National Development Council (NDC). The Cabinet will, in early January, take up its closure and also pass a resolution for transferring its powers to the Governing Council of the NITI Aayog, chaired by Prime Minister Narendra Modi. After getting the Cabinet’s approval, Mr. Modi will take up the resolution with the...

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After a bad summer, winter woes may hurt wheat harvest -Zia Haq

-Hindustan Times Wheat, the country’s winter staple, has hit hurdles, with farmers unable to sow the normal area and instances of a dreaded fungus attack being reported from some parts of Punjab and Haryana, raising concerns of a lower output. Summer foodgrain output fell 1.7% at 124.05 million tonne, according to the government’s FIRst of the four quarterly estimates due to a crippling back-to-back drought. This has hurt farm incomes, which support...

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Is the economy sick? -Salman Anees Soz

-The Hindu The Modi government’s policy is choking domestic demand at a time when global demand is also weak. This is hardly a recipe for double-digit growth. The title seems provocative. After all, for the last several months, we have all heard that India is now the fastest growing large economy in the world. The Finance Minister keeps assuring us that the country’s economic revival is on a firm footing and that...

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