Food inflation, hovering in the double digits, may play spoilsport to India’s ability to continue its rapid economic growth. It is truly troubling that food still consumes half of the expenditure of the average Indian household. No wonder a sharp spike in onion prices has the potential to upset the political calculus of social stability. India’s biggest challenge still remains ensuring food and nutritional security to its masses. Notwithstanding the nation’s...
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Of lucky numbers and others the FM can’t see by Biraj Patnaik
The Italian phrase "lascia il tempo que trova" (it leaves the air it finds) does a better job of describing Pranab Mukherjee's budget than India's corporate media would ever dare to do. To put it mildly, the budget this year, is yet again, an utter disappointment for the food and agriculture sectors. To begin with, flagship schemes like the midday meals and the Integrated Child Development Services did not, unlike in...
More »Agriculture reform key to India budget by James Lamont
Pranab Mukherjee, India’s finance minister, put the rural economy at the heart of a national budget on Monday, saying ridding the farm sector of crippling supply bottlenecks would be his “focus” in the coming fiscal year.A market-neutral budget supporting agriculture, welfare schemes and the extension of banking services to more people was designed to dispel any sense that the Congress party-led government was in drift after a series of high...
More »‘Many challenges remain for India's youthful population' by Aarti Dhar
Adolescent girls face nutritional problems than boys of that age: report Having more than 243 million adolescents – the highest in the world – the key challenge that India faces is ensuring the nutritional, health and educational needs of this population, particularly girls. Over the past two decades, rapid economic growth – with real gross domestic product averaging 4.8 per cent between 1990 and 2009 – has lifted millions out of...
More »Short On The Delivery by Chandrani Banerjee
When it came to power in May 2009, some ministers in the UPA government had set themselves a deadline of 100 days to show results. But one year and nine-odd months later, the report card of its flagship programmes in nine states hit by Maoism is dismal. Much of the money allocated has gone unspent, according to the “performance study” the Planning Commission conducted in these states and submitted to...
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