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INDUSTRIAL ECONOMIST
Cover Story

Investments on infrastructure through the remaining 40 months of the current Plan would shrink substantially. Total spend might come down to around $300 billion.
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Inklings

There was a recent report on Tamil Nadu turning down the proposal of the Indian Railways to build new rail lines after these have been mooted and analysed for their importance quite some years ago.
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Editor's Notes

When large contrac-tors shy away …
In our previous issue, I had written of an innovative scheme to transform sprawling slums into livable, multi-storied habitats by the involve-ment of the government and large property developers of Mumbai.
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Commentary

The (G-20) Summit in Washington on 15 November was a landmark event inasmuch as, for the first time, leading emerging economies came into their own as equal partners in shaping global economy and in reframing rules for the international financial markets.
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Macro Economics

Extreme illiquidity characterises the market for financial instruments such as bonds, both government and non-government.
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 l macroeconomicsII
 l  macroeconomcisIII

Banking

Only 24.5 per cent of the rural households in Puducherry had availed banking services. In the case of urban households it was 35.5 per cent. 33.6 per cent of the rural households do not own any assets...
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Nuclear Power

Robust planning is required in legislation, regulatory control, safety, safeguards... to support a large nuclear power programme for the public and private sectors.
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US Elections

India continues to witness domination of political families and is not throwing up charismatic young leaders who would command attention at the national level. Can we ever see the emergence of an Obama?
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US Economy

With the protracted downturn in the US economy, it is only a question of time before the bail-outs are extended to autos, airlines, retailers...
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International Diary

The stock market globally is more elastic than people ever think. Just when you think things can't get any worse, prices can go lower and moods can be much darker.
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Insurance

What has been the progress of the insurance sector since it was opened up for private competition some eight years ago?
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Space Research

India told the world that it was not just a nuclear power but also a cosmic power. The ISRO asserted on 14 Novem-ber, 2008 that it was no less capable than NASA and the ESA.
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Analysis

On 17 September, Reliance Industries created history when it pumped oil from India's first deep-sea oilfield. Initially oil flowed at 5500 barrels per day;
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Opinion

Draw a line between Chandigarh and Chennai. Seven out of the eight IPL cricket teams are on the line or to the 'right' of this line.
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commentary- Pricing

Finance minister P Chidambaram made the eminently sensible suggestion to captains of industry to reduce consumer prices that will stimulate demand; help work to fuller capacity and steer through the current slowdown.
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Analysis - Exports

The global economic crisis has hit India where it hurts the most with over a dozen job-oriented export sectors slipping into disarray.
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Capital Notes

The global economic crisis triggered by the sub prime mortgage crisis (housing loan crisis) in the U.S. could stifle the growth of infrastructure in India.
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Analysis - coal supply

Union ministries of coal and power are at loggerheads over the fuel supply pact, with the latter insisting on an assured 90 per cent coal supply under the commitment made by state-run Coal India Ltd.
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A visit to Baramati


Transformation of rocky, barren terrain into productive farms

It was a barren rocky uneven land outside Pune city en route to Satara. One wondered if anything could be grown on such land, without much water.

Ravindra Navlaka, a progressive farmer of Pune, dispelled my doubts and showed me his success in raising pomegranate, guava, amla…

Of course, considerable effort has been spent in enriching the soil with a good combination of natural and chemical fertilizers.
Navlaka has been adapting several beneficial practices and focuses on fruits. He confirmed that operations have been fruitful.

Not far from that area and towards the city is another piece of land that appeared more fertile. Navlaka has raised in this a lush crop of banana and grapes.

Water availability is limited. Monsoon in this part is restricted from June to August. So farmers resort to drip irrigation and make optimum use of water. Liberal help is also accessed from the agricultural university and government department in updating on beneficial farm practices. Navlaka pointed to the advantage of pruning the buds in his vineyard that helped improve quality and productivity.

In 1990, Sharad Pawar utilised the employment guarantee scheme of the Maharashtra Government to expand massively the area under horticulture. This initiative has enabled Maharashtra to evolve as the largest producer of several fruits.

The state raises different fruits in different parts of Maharashtra suited to the agro-climatic and soil conditions. The Pune-Sholapur belt focuses on pomegranates; the Nagpur-Vidharba region on mandarin oranges; the Konkan region on mangoes; Pune-Nashik on grapes, Ahmednagar-Sholapur on ber; Ahmednagar-Pune on guavas; Jalgoan on Cavendish bananas; and Satara-Pune and Mahabaleshwar on strawberries.

S.G.Thopte, sub-divisional agri-cultural officer, Pune, said that with the rich experience gained in raising several of these crops, the business-oriented Maharashtra farmer has also been successful in taking to high- yielding varieties of tomato and potato. Presently, these are contract-farmed for large companies like PepsiCo. There is also a welcome focus on standardisation of the practices right from land preparation and selection of seeds that help the farmer produce to the specifications of the buyer.

 

 
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