In June 1991, the country embarked on a bold adventure by exposing to market vicissitudes its insulated manufactories, regulated (but pockmarked with soft spots) financial markets and inexperienced economic players. An economy, in those days, was about people, not giant factories and ships with riches. Though successive governments have secured the reformative underpinnings of the liberalisation process, it is to the credit of players in India that the sublime quest...

India has been lauded for its remarkable overall economic growth of over 8% over the last five years. But despite this high and relatively stable growth, India's underbelly is soft. The agriculture sector is performing below expectations, with growth rate of around 2.8%, it is way below the Eleventh Plan target of 4%. The Food and Agricultural Organisation (FAO) estimates that 22% of India's population is undernourished. Child malnutrition is...

To eliminate misuse and leakages from its flagship rural employment programme, India could introduce biometric-aided identity checks that can be verified remotely. The government’s initiative comes at a time when the Mahatma Gandhi National Rural Employment Guarantee Scheme has been criticized for leakages. It is the government’s largest social sector spending programme with allocation for this fiscal pegged at Rs40,100 crore. The proposal, which has already been submitted to the government for...

The Union Cabinet on Thursday approved a Rural Development Ministry proposal to launch the National Rural Livelihood Mission that aims to reduce poverty in a time-bound manner through provision of diversified employment opportunities and skill development. The proposal for the big-ticket development mission was earlier approved by the Expenditure Finance Commi-ttee and was taken up by the Cabinet Committee on Eco-nomic Affairs for clearance in a meeting on Thursday even-ing....

Small and marginal farmers from SC and ST communities are going to raise horticulture crops, mainly cashew nut on assigned lands over about 4,000 acres, 1,000 acres in agency areas, under the National Rural Employment Guarantee Scheme (NR-EGS) in East Godavari. Horticulture authorities target to raise several horticulture crops on government assigned lands in the possession of small and marginal farmers to help them improve their sources of earnings. They are...