-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...
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Nehruvian budget in the corporate age -Jean Drèze
-The Hindu The Budget overlooks the fact that human capabilities are as important as physical capital for economic growth and the quality of life. It goes back to the days when growth and development sounded synonymous, physical capital was thought to be the key, and human capital took a back seat Once upon a time, around the end of the Second World War, there was a naive view in development economics that...
More »Victim’s family cries foul, dubs Khattar ‘indifferent’
-Hindustan Times Karnal: A day after a 35-year-old man, Satpal Kashyap, died after being hit by a police vehicle in the convoy of chief minister Manohar Lal Khattar, the deceased's family claimed that timely medical aid could have saved his life. The deceased, a daily wage earner from Pakhana village, was the sole breadwinner of the family and is survived by his wife and four school-going children. Karnal superintendent of police Abhishek Garg...
More »Rainfed authority again an arm of farm ministry; UIDAI gets boost -Sanjeeb Mukherjee
-Business Standard Budget of NITI Aayog may go up by 18.20% in 2015-16 In a classic case of back to basics, the National Rainfed Area Authority (NRAA), which since 2010 has been part of the erstwhile Planning Commission, will henceforth be an arm of the department of agriculture, as NITI (National Institution for Transforming India) Aayog is up for a rejig. NRAA's budget in 2014-15 was about Rs 31.50 crore, while...
More »Acquisition lapses if owner not paid on time: SC
-The Telegraph New Delhi: The Supreme Court has ruled that land acquisition proceedings are deemed to have lapsed if the government fails to compensate landowners or take possession of acquired land within two years. The court said if the government was keen on retaining the acquired land, it must re-initiate acquisition proceedings as provided under the Right to Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement Act, 2013. A bench of...
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