Madhya Pradesh's Gross Domestic Product ( GDP) growth rate has swelled to 12 per cent in the last fiscal from 8 per cent in 2010-11, according to the revised estimates, officials said on Friday. Besides, the state, having agrarian economy, recorded 18 per cent agriculture growth rate in 2011 - 12, they added. The economic and agriculture growth is bound to benefit a huge populace engaged in construction and agriculture sector by...
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NREGA's non-existent impact on migrant labourers-Rukmini Shrinivasan
PATIALA/SANGRUR: Everyone agrees that theNREGA is causing a shortage of agricultural labour. Everyone, that is, except the workers themselves. For the last two years, the "success" of the Mahatma Gandhi National Rural Employment Guarantee Scheme (commonly referred to as NREGA) in reducing the number of men migrating out of India's poorest states has become something of a truism. In Punjab, this has resulted in dozens of news articles about the shortage...
More »What killed our boom-Ashok V Desai
-The Telegraph Ashok V. Desai,consulting editor of The Telegraph and chief consultant to the finance minister when Manmohan Singh launched the economic reforms, takes a deep dive into statistics to figure out what is wrong with the economy as Pranab Mukherjee leaves the finance ministry and Singh takes charge The growth rate of gross domestic product is reported to have come down. What does that mean? Before the question can be answered,...
More »Despite Drop from 2009 Peak, Agricultural Land Grabs Still Remain Above Pre-2005 Levels
-World Watch Institute An estimated 70.2 million hectares of agricultural land worldwide have been sold or leased to private and public investors since 2000, according to new research conducted by the Worldwatch Institute (www.worldwatch.org) for its Vital Signs Online service. The bulk of these acquisitions, which are called “land grabs” by some observers, took place between 2008 and 2010, peaking in 2009. Although data for 2010 indicate that the amount of...
More »A third of all food produced globally is wasted: United Nations-Subodh Varma
One-third of food produced globally every year does not reach human mouths - it is either lost in transit or wasted by consumers themselves. This amounts to a staggering 1.3 billion tonnes every year. These chilling figures are contained in a report called 'Avoiding Future Famines' released by the United Nations Environment Programme at the recently held Rio+20 summit on sustainable development. Consumers throw away 222 million tonnes of food in...
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