-The Times of India With the UPA government's efforts to build a consensus on allowing foreign retailers in the multi-brand retail sector going nowhere, Prime Minister Manmohan Singh on Wednesday urged the UPA allies to help evolve a consensus on the reforms measure. Participating in the first meeting of the newly set-up UPA co-ordination committee, PM said that it was necessary to build support for the move to let in foreign retailers. The...
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Switch from farm subsidy to farm investment-Ashok Gulati
-The Economic Times With a weak monsoon, farmers and farm labour, agri-investors and policy makers, everyone is looking up in the sky and praying for more water to pour. Farm analysts are debating whether this will lead to a drop of 16 million tonnes of foodgrain, as it happened in 2009, or 38 million tonnes, as it did in 2002. NCAER is projecting 20 million tonnes drop in grain production in...
More »Famines to ample stocks, India blunts drought effect-Zia Haq
-The Hindustan Times In 2009, when India had its worst drought in three decades in terms of rainfall, the country managed to produce a million more tonnes of foodgrains than it did in 2007, a normal year. Droughts, such as the one that has now settled in nearly half of the country, are no longer the disaster they used to be, thanks to one of the world's most efficient drought management systems. Largely indigenous...
More »Inequality rising in India, shows data on spending-Nitin Sethi
-The Times of India India's growth story is undeniable. But the 68th National Sample Survey Organization's (NSSO) findings seem to reaffirm that the benefits from this boost in the economy have been cornered by the upper crust, while the poorest continue to languish in near destitution. Compared with the previous survey, which was conducted in 2009-10, the monthly expenditure of the poorest 10% population in rural India has risen by only...
More »Disparity in income getting sharper, NSSO data shows-Asit Ranjan Mishra
-Live Mint In urban India, the ratio of the top and bottom 10% of the economic group increased to 10.9% from 10.1% Economic growth is increasing the income and consumption levels of the average Indian faster than before, but income disparity is getting sharper, especially in the country’s villages, which may require a greater effort aimed at creating jobs in the non-farm sector in rural areas. The increase in inequality is evident from...
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