imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
latest news
best of news



CopWatch LA


A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network: africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - js reader version - email this article - view hidden posts - tags and related articles

Intricacies of economic growth

by k.mohan Thursday, May. 15, 2014 at 12:23 AM


K.Mohan chief economist stressed the need for sustainable development for alleviating poverty and generating employment. India need high rate of sustained growth to alleviating poverty, increase living standards and reduce differentiation to achieve this we need to look at overall growth with an eye on long term sustainability. He said, while focusing on sector which were employment intensive itwas necessary that it was equally important to lay stress on forward and backward linkages which were employment intensive

For development of the rural areas, he said the focus would be on farm productivity through strengthing of allied services, improving and expanding innovation networks and promoting market led crop demarcation The noted economist k.mohan has said that with neo liberal policies gaining ascendancy, Finance Commission Award are taking the nation towards economic Ballkanisation and to improve neo liberal economic policies of state govt. By making devolution of funds to states and their accepting the structural adjustment agenda the central govt was forcing them to improve their fiscal deficit and to improve the welfare of the masses and financial authority of the state govt. There is a fundamental difference between the Finance Commission of the Nehruvaian tones and that in the era of globalization. The Financial Commission was originally conceived as an arbiter for shaiting of financial resources between the states but in the present era of neoliberal economic policies it is being used by central govt as an instrument of coercion. Earlier the state was conceived as a champion of the nation as a whole but in the age of globalization the state has become a defender of international finance capital as against the interests of the poor. Mr.k.mohan said three main characteristics of neo liberal economic policies are reduction in the tax to GOP ratio reduction & increase in interest payments by the state. One computation had shown that of ht tax to GDP ratio was retained at the 1999 level, the central govt would have had Rs 30,000 crores in additional resources of the interest payments which could have been kept low. But by pursuing neoliberal policies the govt had brought methods such as disinvestment of its equities in public sector units and rolling back govt expenditure.
He said that by the end of the 1990s the centre began passing the burden of the crisis to the states by means of making transfer of funds conditional on acceptance and implementation of neo liberal economic policies and charging high interest rates from the states for funds tranferred as loans and assistance. When the states were reduced to penury they began to press the finance commission to set methods right. But what the 11th & 12th Finance Commissions had done was to insert on acceptance of condition lists for release of funds to them. The states are also new being asked to borrow funds directly from agencies. The states could do so only by pledging resources to global monopolies, trifurcation of the state electricity bodies,he added.
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments

Local News

Public art project aspires to save California N18 3:42PM

Songwriter, Author, Philanthropist P F Sloan Died On Nov 16 N17 4:48PM

A Plea For Support From Will B N15 4:23PM

10 Shocking Realities of the TPP N09 4:47PM

KPFK needs your VOTE ! or lose it. O31 4:51PM


KPFK is losing and reducing it's main programmers, so can Fresh ones emerge there instead? O26 5:58PM

Fall 2015 National Immigrant Solidarity Network Monthly News Alert! O26 7:58AM

A master-plan is needed to support renter protections in Northern California, & elsewhere O25 9:48PM

KPFK Updating: a coup? or failure? or.... O25 5:04PM

Kapparot Chicken Slaughter Causes Outrage: Activists Demand Change O06 1:59PM

Update on WHAT IS HAPPENING AT KPFK and what can be done & elections O05 12:39AM

A Letter (sent) to L.A. Slut Walk O03 12:51PM

Protesters Enact Symbolic "Die In" to Unwelcome Narendra Modi to Silicon Valley S28 3:52PM

More Local News...

Other/Breaking News

An humble opinion N26 1:59PM

League of Angels Fire Raiders Generator N25 7:52PM

Activistas de los Derechos Humanos Unen Fuerzas en Honor al Derecho a la Democracia N25 3:13PM

VIDEO: What "Orwellian" Really Means N25 1:49PM

US Forces South Africa To Import Sick Birds N25 9:10AM

Presidential Candidates Criticize Pfizer Merger N25 8:19AM

Turkey's Downing of a Russian Fighter Jet Moves the Doomsday Clock Very Close to Midnight N25 5:46AM

Kim Kardashian Hollywood Online Hack N25 4:51AM

NATO is harboring the Islamic State N25 4:43AM

Paraphysique de l'Etat d'urgence N25 1:23AM

Casino Capitalism and Profit Maximization N25 1:18AM

Democracy Now, Military Times, Guardian Articles On Soldiers Refusing To Drop Drones etc N24 9:10AM

Warhammer 40000 Freeblade Hack Generator N24 8:23AM

First Amendment Under Covert Attack N23 6:27PM

Insanity of the police/fbi community N23 1:35PM

No to Racism and War! N23 6:02AM

Fifa 16 Coin Generator N23 3:24AM

(A-Radio) Northern Europe 1: Musta Pispala festival in Finland N23 12:36AM

Paranoïa ou la vérité d'une société N22 11:54PM

Wicked fbi and their mischievous police friends N22 11:22AM

Mobile Strike Hack Generator Gold and VIP N22 4:02AM

“None Dare Call It Conspiracy:” How U.S. Elites Made Islamist Militants the New Red Menace N21 5:05AM


Monsanto Patenting World's Seeds, Controlling World's Food, Causing Cancer, Killing Bees, N20 9:59AM

Indigenous Hispanic areas also Economic Rights US N20 8:14AM

Paraphysique de l'hybris pirocratie N19 11:44PM

Free Kicks Tips on FIFA 16 N19 11:20PM


More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy