“To ensure greater cost efficiency, better delivery” Seeking to address the issue of subsidies not reaching the targeted groups, Finance Minister Pranab Mukherjee on Monday proposed to provide a direct cash subsidy on fuel and fertilizers to the poor from March, 2012. “To ensure greater cost efficiency and better delivery of kerosene and fertilizers, the government will move toward direct transfer of cash subsidy for people below poverty line (BPL) in a...
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Pranab shifts focus to Bharat Nirman by K Balchand
Shifting the focus away from the Mahatma Gandhi National Rural Employment Guarantee Act, the Union Budget has sought to give greater thrust to it other flagship programme Bharat Nirman, covering six sectors, by allocating an additional Rs. 10,000 crore for 2011-12 to provide rural broadband connectivity to all the 2.5 lakh panchayats within the next three years. Finance Minister Pranab Mukherjee has made a total allocation of Rs. 58,000 crore, marking...
More »With bananas, NREGA to ‘bear fruit’ at last by Surbhi Khyati
To invest the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) funds in a “fruitful” way, the state’s Department of Rural Development has decided to create a banana plantation over 1 lakh acres. The project will take off in July and will benefit around 1.5 lakh farmers, said Manoj Kumar Singh, the state’s Secretary of Rural Development and Horticulture and Food Processing. Singh was the Chief Guest of a “Mango Gosthi and...
More »Food subsidy bill to rise by 27 p.c. this year
The country’s food subsidy bill is expected to jump by 27 per cent to Rs 74,231 crore in the 2010—11 fiscal, the Lok Sabha was told today. This is due to a rise in support price and higher procurement and distribution of foodgrains via ratio shops. Last year, the government’s food subsidy bill stood at Rs 58,242.45 crore. “The amount allocated for food subsidy during 2010—11 is Rs 59,354.56 crore...Based on the actual...
More »Two Indias in the making: IPL India and BPL India, says Yechury
Opening the reply to the President's Motion of Thanks on behalf of the Left parties in the Rajya Sabha on Wednesday, Communist Party of India (Marxist) leader Sitaram Yechury, demanded the stopping of the “loot” of public money in the form of concessions to corporates and high-end taxpayers. This relief, worth several lakhs of rupees, should be used to narrow the rich-poor divide, he added. Calling upon the government to shift policy...
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