The Economic Report on Africa (ERA) 2024 presents the case for investing in a just and sustainable transition (JST) while achieving energy access for all. Using country case studies, macro, sectoral and
This was only a one-time waiver and farmers would fall back into debt Left parties would oppose move to increase working hours from 8 to 10 THRISSUR: Communist Party of India (CPI) general secretary A.B. Bardhan said on Saturday that the loan waiver scheme announced by Finance Minister P. Chidambaram in his budget speech on Friday was no solution to farmers' indebtedness. "For four years, you saw the farmers dying. For four years, you watched them fall deeper and deeper into indebtedness and committing suicide in States like Maharashtra, Madhya Pradesh and Kerala. And, in the fifth year, with the elections coming, you hand out some sops. Then again, it is a one-time waiver. But what happens tomorrow? They will be thrown from one round of indebtedness to another,' Mr. Bardhan said, inaugurating the four-day State conference of the CPI here. Beneficiaries The CPI leader also questioned the government's claim about the number of farmers who would benefit and pointed out that the Reserve Bank of India (RBI) was on record that more than half the farmers in the country were dependent on money-lenders for their credit needs. The government's loan waiver offer would not touch such loans. If the government was sincere about the farm debt crisis, it should have announced the formation of a Debt Relief Commission and pegged the interest rate on farm loans at 4 per cent as demanded by the Left parties when the budget was in the making, he said. Mr. Bardhan said the CPI and other Left parties would oppose the proposal in the Economic Survey to increase working hours from eight to ten. They would wage a battle to thwart attempts to curtail the rights won by the working class over 150 years ago through a long struggle. He also pointed out that the Finance Minister did not respond to the Left's plea for measures to universalise the public distribution system. He welcomed the decision to extend the National Rural Employment Guarantee Scheme to all the districts in the country, but regretted that only Rs.16,000 crores was earmarked for its implementation. This would not be sufficient to provide 100 days' employment to all the eligible persons in the rural areas or to give them wages as envisaged in the NREG Act. The failure to make adequate funds available clearly showed that the government was not interested in implementing the scheme in letter and in spirit, Mr. Bardhan said. The BJP was trying its best to utilise the discontent in the minds of the people over a host of issues, including the sharp increase in the prices of essentials, he said. The Congress seemed to be offering power to the BJP on a platter, with its ill-conceived policies and failure to come out with people-friendly measures. On its part, the Left was committed to keeping the BJP out of power and wanted all the Left and secular parties to come together on a common platform on the basis of a clear pro-people programme. What emerged from the exercise should not be a Third Front where parties came together for electoral purposes, but a real third alternative to the Congress and the BJP, he said.
Indian Space Research Organisation's (ISRO) human space mission proposal has got its first significant budgetary share, Rs 125 crore, while the Department of Space has got 24 per cent raise in outlay for its 2008-09 activities. The space budget of Rs 4,074 crore, compared with Rs 3,290 crore last fiscal, partially provides for at least three major projects
<p>This report presents an overview of the impact of rural livelihood programmes supported by DFID in the context of the Millennium Development Goals, and explores some of the lessons learned under headings of income generation and rural growth, better management of natural resources, targeting the poorest and marginalised, and local institutions and self-governance.
Finance Minister P. Chidambaram's wife Nalini, their son Kartik and daughter-in-law at the Parliament House after the presentation of the Union budget on Friday. NEW DELHI: In a politically-crafted budgetary exercise ahead of the general election next year, Union Finance Minister P. Chidambaram on Friday announced a massive Rs.60,000- crore loan waiver programme to rid four crore farmers of their financial liability. The Minister also gave higher-than-expected exemptions to income-tax payers along with restructuring of tax slabs. He put no fresh burden on the corporate sector even as he scaled down excise duties on a number of items to stimulate demand, production and economic growth. Striving to placate not only the aam aadmi but also all other sections, Mr. Chidambaram, while presenting the Union budget for 2008-09
BHARAT NIRMAN: Allocation increased to Rs 31,280 crore against Rs 24,603 crore in 2007-08. Bharat Nirman, the flagship programme of the UPA government for rural infrastructure, with a cost of Rs 1,74,000 crore and a fast approaching deadline of 2009, got an allocation of Rs 31,280 crore this Budget. The highlight this year is the increase in allocation for rural housing. Bharat Nirman targets six development components, viz rural access to housing, roads, drinking water, telephony, electrification and irrigation. For the rural housing scheme, called Indira Awas Yojana, which benefits only those who have land, the Budget provides an increased subsidy for building houses under the programme. The government subsidy of Rs 25,000 crore for houses in the plains will now increase to Rs 35,000 crore. The public sector banks have been asked to give up to Rs 20,000 in loans at an interest of 4 per cent for the Indira Awas Yojana houses. About 6 million houses are targeted to be built under the programme by 2009. So far, 5.1 million houses have been constructed, according to Finance Minister P Chidambaram. OUTLAYS vs OUTCOMES Expenditure is up, education is not % children who can Class Read* Subtract Divide 1 3 3.9 1.5 2 9 14.2 3.7 3 21.6 31.1 11.2 4 42.5 34.7 27.6 5 58.7 31.9 42.4 6 71.7 27.8 54.2 7 79.7 23.4 62.8 8 86.6 18.3 71.6 Average 41.6 23.1 30.1 Note: Children who can divide can subtract as well Source: Pratham 2007 * Read a Class 2 text The allocation of Rs 5,400 crore for rural housing is up from Rs 4,400 crore last year. Bharat Nirman, as a whole, received Rs 31,280 crore, compared to Rs 24,603 crore in 2007-08. Bharat Nirman's component on drinking water, implemented through the Rajiv Gandhi Drinking Water Mission, got another feature under the Budget with the finance minister allocating a separate amount of Rs 200 crore for providing drinking water in schools. The allocation for the scheme has also been enhanced from Rs 6,500 crore last year to Rs 7,300 crore this year. The Budget was silent on rural access to telephony under Bharat Nirman except saying that 52 villages were getting access to telephone, well ahead of the target. The scheme targets reaching over 66,000 villages by 2009 and can progress at a rate of 45 houses per day. The Rajiv Gandhi Grameen Vidyutikaran Yojana, which aims at providing electricity connections to all villages by 2009, has been allocated Rs 5,500 crore this year. Access to irrigation under Bharat Nirman got a fillip with the Accelerated Irrigation Benefit Programme allocations getting almost doubled from Rs 11,000 crore to Rs 20,000 crore. Under the programme, 24 major and medium irrigation projects and 753 minor irrigation projects will be completed in this financial year, creating an irrigation potential of 500,000 hectares. The scheme targets 10 million hectares. While six million hectares are to be covered under major and medium projects, one million hectares are to be brought under micro irrigation. Chidambaram said that 548,000 hectares were brought under drip and sprinkler irrigation since 2006, while, with a budgetary allocation of Rs 500 crore, 400,000 hectares were being targeted for coverage this year.
Do the math: affordable new technologies can prevent global warming while fostering growth. March 2008
India has had the most success attracting more private investment in infrastructure in 2006 than any other developing country. Long-standing policies in most other South Asian countries are beginning to bear fruit as well. Nevertheless, delivering the infrastructure services needed to sustain and accelerate
After 30 years of dynamic growth and substantial poverty reduction in Asia, do agriculture and rural development still have a role to play in that region?
This report contains the "Natural Resource Accounting of Goa State' and the valuation of environment and forest ecosystem of Goa state. In this report basic concepts on environmental accounting and different approaches of valuation are described. More specifically report covers the valuation in the specific sectors viz., air, water, municipal solid waste, and forestry.
The West Bengal Power Development Corporation's Bakreswar Thermal Power Project in Birbhum district. WEST BENGAL has emerged as one of the fastest-growing States in India and is the third largest economy in the country. So its growing reputation as a preferred investment destination should come as no surprise. The State has registered a high growth in real State domestic product (SDP) over the past eight years and is one of the top-ranking States of the country in terms of growth in per capita income. Despite being one of the most populous States in the country and the State with the highest population density, West Bengal achieved a growth in per capita income of 5.72 per cent in 2004-05, well above the national growth rate of per capita income in the same year, which was 5.2 per cent. In the period between 1991 and 2004, West Bengal's share of foreign direct investment (FDI) was $1,789.3 million. However, between 2004 and 2006 alone, the State attracted FDI worth $119 million, spread over 178 new industrial units that are being set up now. The State's exports also grew from $816.1 million in 1995-96 to $3,769.5 million in 2004-05. In fact, with respect to the volume of export, it has been found that West Bengal ranks seventh amongst all the States. According to different human development index indicators such as literacy rate and life expectancy at birth, the State has performed impressively. In the National Census 2001, West Bengal's literacy rate was estimated to be over 69 per cent as against the national average of 65 per cent. Urban market The sheer volume of the State's market is its primary attraction. With a population of around eight crore, according to the 2001 Census, and with steady economic growth in terms of the net State domestic product (NSDP) and per capita income, West Bengal has more people with greater disposable income than many other States. West Bengal is, in fact, the third largest State in terms of savings, with the commercial banks accounting for almost Rs.855 billion. Besides, West Bengal is ideally located, with a vast hinterland, comprising Bihar, Jharkhand, Orissa, Sikkim and the north-eastern States, that increases the market size by about another 180 million consumers. West Bengal is also one of the most urbanised States in the country, with an urban population, according to the 2001 Census, of 22.5 million persons, 60 per cent of whom are below 30 years of age. This, in the context of rising incomes and the general boom in urban renewal and economic activity, has resulted in an increasing demand for quality goods and services. Kolkata, the State capital, alone accounts for a consumer profile of around 10 million, and major towns such as Siliguri, Durgapur, Asansol and Malda are also on an upswing. Rural market SUSHANTA PATRONOBISH South City, a Rs.10-billion multi-use project in the heart of Kolkata. It is not just the urban market that is undergoing a paradigm shift; it is happening in the rural sector too. With the enormous potential that exists in agriculture and farm products and food processing and agro-based industries, the State government is looking into investment proposals of considerable value from corporates for the procurement and large-scale marketing of agro products. This is expected to facilitate an increase in rural purchasing power and consumption profile. Agro industries With six agro-climatic zones, West Bengal offers an extensive variety of environments for the development of temperate, sub-tropical and tropical agricultural and horticultural produce. Agriculture contributes 30 per cent of the SDP and employs 57 per cent of the workforce. In fact, the State accounts for 30 per cent of India's potato production, 27 per cent of its pineapple production, 12 per cent of its banana production and 16 per cent of its rice production. The State ranks number one in the country in meat production (including poultry) and is one of the largest producers of fish, satisfying nearly 80 per cent of the country's carp seed demand. West Bengal also accounts for around 10 per cent of India's edible oil production and is the second largest tea-growing State in the country, contributing around 21 per cent of the total production in the country. A study conducted by the Government of India estimates that the investment potential in the State's food processing industry is Rs.154.52 billion over the next 10 years if the processing level is increased from the existing 2 per cent to 10 per cent in the same period. West Bengal has certain intrinsic strengths that give it an advantage in the field of food processing: vast agro raw material resources, six agro-climatic zones, an abundant supply of water from the many rivers across the State, fertile alluvial soil, low-cost and skilled labour, self-sufficiency in power, a large domestic market, and easy access to markets in the Asia-Pacific region, Bangladesh, Nepal and Myanmar. In a recent conference on industries, Chief Minister Buddhadeb Bhattacharjee emphasised the need for a modern market mechanism in the agricultural sector in the State. "Even though agricultural production is increasing, there is no proper method of preservation. As a result 10 to 20 per cent of the vegetable produce perishes every year mainly because of the lack of a modern marketing mechanism. We want more companies investing in this sector, and that will also help the economy in rural areas grow,' he said. Floriculture, including ornamental plant production, is an emerging industry in West Bengal. The State produces around 58,000 tonnes of flowers every year and has more than 10,000 acres (1 acre is 0.4 hectares) of land devoted to that purpose. Flowers are mainly grown in Kalimpong, Panskura, Ranaghat, Thakurnagar, Bagnan and in regions around the State. The main flowers produced are tuberose, gladiolus, rose, gerbera, carnation and cockscomb, and the countries that import flowers from West Bengal include the Netherlands and the United Kingdom and West Asian states, mainly Sharjah. The State government has already set up a floriculture park at Mungpoo in north Bengal, and a mega flower mart is also coming up in Kolkata at a project cost of Rs.250 million. Apart from these, there is a multi-storied flower market at Panskura, and another floriculture park is being developed at Jagulia in Nadia district. The State government recently received a $33-million proposal for setting up an open-air floriculture park on 200 acres of land at Rajarhat in Kolkata. Iron and steel PTI Haldia Petrochemicals Ltd. is India's second largest integrated petrochemical complex. Apart from being one of the main priorities of the State government's industrial drive, the iron and steel sector is one of the oldest industries in the State. The establishment of the Bengal Iron Works at Kulti in Bardhaman district in 1870 ushered in the era of iron and steel in the State. The growth of the industry in the State is largely related to the proximity of raw materials, skilled manpower, port facilities and the vast market for iron and steel products. In the period 1991-2004, as many as 243 new iron and steel units were set up, involving a total investment of $1,856.8 million. In fact, between 2002 and 2004 alone, 108 iron and steel projects, with a total investment of $414.3 million, were implemented. According to the State government, the largest investment in 2007 also came in the steel sector. JSW Steel of the Sajjan Jindal Group is setting up the 10 million-tonne-capacity integrated steel plant
