-The Economic Times   Could the Centre freeze the job guarantee scheme during peak agriculture season?  The controversial demand from the agriculture ministry found an echo in the Economic Survey released on Thursday, but was quickly dismissed by rural development minister Jairam Ramesh. While lauding the flagship scheme, the survey listed a few other measures as the way forward. "While the overall performance of MGNREGS has been good, there is scope for improvements...

-The Times of India The finance minister Pranab Mukherjee in his Budget speech said that efforts were on to arrive at a political consensus on the issue of allowing 51 per cent Foreign Direct Investment (FDI) in multi-brand retail. The retail sector of the economy has been constantly pushing for allowing foreign direct investment (FDI) in multi-brand retail. The Economic Survey 2011-12 also advocated the case for FDI in multi-brand retail. The much-talked about...

The latest round of data on the 2011 Census shows that the country is exhibiting distinct signs of trading up as material living conditions improve for large sections of the population. Although this aggregate picture is not uniform across the country, analysts believe that the upward material mobility in society is creating the basis of a new consumer boom in the economy—serving up a perfect backdrop ahead of the presentation of...

A report on ‘State of Indian Agriculture 2011-12’, tabled in the Lok Sabha on Tuesday, has called for reforms to ensure that the sector grows in tandem with the overall GDP of the country. The report says that “achieving an 8-9% rate of growth in the overall GDP may not deliver much in terms of poverty reduction unless agricultural growth accelerates”. Admitting that the sector has undergone ‘significant structural changes’ in...

-The Business Standard The first agriculture survey, tabled in Parliament on Monday, called for more private participation to boost farm sector investments, rather than heavy doses of subsidies. “There is always a trade-off between allocating money through subsidies or by increasing investments. The investment option is much better than subsidies for sustaining long-term growth in agricultural production and also to reduce poverty faster,” said the survey, State of Indian Agriculture 2011-2012. It...