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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...

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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...

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On offer: Cost-effective measures to rid India of air pollution -E Somanathan

-The Hindustan Times Delhi has the dubious distinction of being the world's most polluted city. In fact, the entire country, including the rural areas, is heavily polluted as anyone who has taken a flight in India knows. The fog that engulfs north India in winter is largely a consequence of the smoke particles in the air on which water condenses easily. Why have matters been allowed to reach this state? One...

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Spurt in vegetable prices next month may be spoiler for inflation, warns RBI

-PTI Mumbai: Seasonal spurt in vegetable prices next month could partly reverse the benefits of low global Oil Prices reducing inflation and increasing disposable incomes, the Reserve Bank of India (RBI) warned on Tuesday. "The sharp reduction in Oil Prices as well as in inflation is likely to increase personal disposable incomes and improve domestic demand conditions in the year ahead," the central bank said in its monetary policy document. Inflation, excluding food...

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Data Drive: Clear the food rot

-The Financial Express Only 6% farmers have gained from selling wheat and paddy directly to any procurement agency and the diversion of grains from the public distribution system is close to 47%. Against this backdrop, the Shanta Kumar panel's report on reorienting the role and restructuring of Food Corporation of India (FCI) needs to be adopted by the government at the earliest and in totality. This will indeed make for huge...

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