-The Hindu Nod to increase income criterion from Rs. 4.5 lakh to Rs. six lakh The Union Cabinet on Thursday gave its approval for increasing the "creamy layer" income criterion from Rs. 4.5 lakh to Rs. six lakh per annum throughout the country. The socially advanced persons and sections, known as the "creamy layer," are barred from reservation benefits for the Other Backward Classes (OBCs). The Cabinet on Thursday said the present income...
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Arvind Panagariya, a professor of Indian economics at Columbia University interviewed by Ullekh NP
-The Economic Times Arvind Panagariya, a professor of Indian economics at Columbia University, hits out at Nobel laureate and Harvard University professor Amartya Sen over his call to confront MPs with the "number of deaths" a delayed Food Security Bill can cause. The former chief economist at the Asian Development Bank counters Sen's argument that it is high social spending that has contributed to the economic growth of Asian economies such...
More »Reforms’ unintended fallout -Ashoak Upadhyay
-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...
More »Government to increase bonds value for rural medical service to Rs 5L and Rs 10L
-The Times of India GANDHINAGAR: Nitin Patel, state health and family welfare minister said that the state goverment has decided to take a Rs 5 lakh bond from students at government-funded colleges. This is as security to ensure they serve three years in rural areas. Those who do not serve in rural areas after their studies will have to forfeit the amount. Earlier the amount was only Rs 1.5 lakh, so...
More »UPA's 'Bharat smiling' feebly -Subodh Varma
-The Times of India NEW DELHI: The UPA is strenuously denying that this campaign is its earthy version of the NDA's "India Shining" campaign, but few are buying the denials. Launched as a "multi-media" campaign to highlight its achievements in two successive terms at the Center, it has been christened by political observers are UPA's " Bharat Smiling" campaign. The spirit of the campaign, says the publicity material given out by the...
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