-The Times of India The inflation rate slowed to a more than three-year low of 5.96% in March on the back of softening vegetable, fruits and milk prices, brightening the prospect of an interest rate cut by RBI while bringing relief for the politically beleaguered government. Lower interest rates would provide relief to thousands of borrowers reeling under the burden of high equated monthly installments ( EMIs) on their home loans. Data released...
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Odisha MLA listed as BPL beneficiary, drives an SUV -Riyan Ramanath V
-The Times of India BHUBANESWAR: He zips around in a Toyota Fortuner but is listed as a below poverty line (BPL) beneficiary. Biju Janata Dal MLA Srinath Soren, from Udala in Mayurbhanj district, who declared his assets in 2009 that in no way qualify him for such benefits, nevertheless has his wife and two kids as well listed under BPL. The information was obtained through an RTI application. Soren, a first-term MLA,...
More »Budget 2013: Rs 80,194 crore to Ministry of Rural Development
-The Economic Times Finance Minister P Chidambaram has allocated Rs 80,194 crore to Ministry of Rural Development in Budget 2013. Giving the emphasis on education, Chidambaram said Budget 2013 will allocate Rs 65,867 crore to the HRD ministry. My budget's overarching goal is to create opportunities for our youth, he said. More than the fiscal deficit, Chidambaram said his greater worry is the current account deficit. In his Budget speech, he said the 'passion...
More »The Case for Direct Cash Transfers to the Poor-Arvind Subramanian, Devesh Kapur and Partha Mukhopadhyay
The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...
More »Nitish Kumar, half his Cabinet colleagues are crorepatis-Santosh Singh
-The Indian Express Patna: Fifteen out of 29 Bihar ministers, including Chief Minister Nitish Kumar and his deputy Sushil Kumar Modi, are crorepatis. As a part of their anti-graft measures, started in 2011, the CM and his ministerial colleagues declared their moveable and immoveable assets this New Year. Four new entrants have joined the crorepati club this year. Thy are Ashwini Kumar Choubey, Shyam Rajak, Bhim Singh and Bijay Choudhary. Parveen Amanullah is...
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