- json version
- email this article
- view hidden posts
- tags and related articles
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:
In LA, San Diego, Sacramento and 147 Other Cities, McD And Other Fast Food Workers Picket
Did LA pro-Israel group conceal right-wing identity from Hollywood celebs and media?
Stop Circus Animal Suffering – Protestors Urge Audiences to Shun the Wild Animal Circus
Anti-blackracism in the U.S.
New Zine on Activist Collective Living
LA Fields Two Marches Against Police Executions Photoset 2 of 2
LA Fields Two Marches Against Police Executions Photoset 1of 2
Running Down the Walls 2014
Weaving the Past: Journey of Discovery Extends Exclusive Engagement
Los Angeles Declares “Hands Up!” in Peaceful Protest of LAPD Murder of Ezell Ford
Ezell Ford and Ferguson Solidarity
Family and Supporters of #Justice4Fords Protest LAPD Execution of Ezell Ford in South L.A.
Southern California Swarms to Save the Bees in Solidarity with Honey Bee Day Around the Gl
More Local News...
Israel Part of US Anti-Syrian Coalition
Obama Launches Naked Aggression on Syria
Dueling Ideologies: Lavrov v. Rasmussen
ISIS Destroys Memorial & Church of Armenian Genocide in Der Zor, Syria
Enlisting Support for Imperial War
Karl Polanyi - Still Actual 50 Years After His Death
Telling It Like It Is On Israel
Paraphysique de la prohibition
Video: "The Roosevelts," 7 episodes
Fear-Mongering Ahead of Another US False Flag?
maps of disappearing Palestine
Gaza Speaks Out: Hamas War Crimes
MSM War on Venezuela
Hate-Mongering in America
Firestorm Over Steven Salaita's Sacking
Scotland's Referendum: Fair or Foul Play?
Humanitarian disaster unfolding today: IS encroaches on Kobane on five fronts
Israel's Hannibal Directive
Are Govt, University And Corporate Labs Spreading Ebola?
Flashback to 2001: President Assad to Prime Minister Blair:'Stop bombing Afghan civilians'
Ukrainian President Poroshenko in Washington
Creative Community for Peace
The Shortwave Report 09/19/14 Listen Globally!
UCLA Center for Near East Studies charged with racism
Anti-Assad Extremists and Obama Plan Coordinated Attacks on Syria
Ukraine's President in Ottawa and Washingto
Le système, ses agents, ses exécutants
The Failure of the Block the Boat tactic
More Breaking News...