Strong Agriculture Output To Support GDP Growth

The country’s economic growth is expected to remain strong despite sluggishness in the manufacturing sector as a rebound in agricultural output is expected to support overall growth. Growth in the key farm sector, which accounts for nearly 17% of the nation’s GDP, has been a concern for policymakers for the past few quarters. But, healthy monsoon has raised expectations of strong farm output during July-September 2010. In addition, the arrival of fresh crops has helped ease inflation to some extent though the overall price situation still remains worrisome at 8.58% in October. Read more »

SVM For Ouster Of GIDC Officials, Bureaucrats

Jubilant at the high court order setting aside land allotments to SEZs in Goa, the SEZ Virodhi Manch (SVM) on Monday demanded the immediate resignation of the GIDC  board of directors and conniving bureaucrats “instrumental in the fraudulent land allotments,” or their sacking by the chief minister. Read more »

India’s Biggest Nuclear Plant A Threat to the Konkan Zone: Experts

The Union ministry of environment and forests (MoEF) has given environment clearance to the controversial Jaitapur nuclear power project slated to come up in Madban village (Ratnagiri district) along the Konkan coast. This is the second major project, after the Navi Mumbai airport, to be cleared by minister Jairam Ramesh in a week. Read more »

High Growth, Few jobs

Unemployment has grown despite high GDP growth in developing economies, says the latest UN report. Developing countries not only need to create enough employment in quantitative terms, they also need to improve the quality of jobs. A major characteristic of the labour is large number of low-productivity jobs and relatively few modern, high-productivity jobs. Read more »

Karnataka To Divert Mahadayi Water

Karnataka’s irrigation department has fast-tracked construction work to divert water from the Mahadayi river to the Malaprabha. The canal project is under dispute but the state’s water resources department is adamant that it is crucial to meet the drinking water needs of the twin towns, Hubli and Dharwad, that aim to be the first in India to supply water round-the-clock to all its citizens. Read more »