Finance Minister Pranab Mukherjee on Thursday countered the Opposition attack that the government's policies resulted in price rise and said the steps it took resulted in food inflation coming down. Replying to the debate on the motion on price rise, he said additional revenue measures were also taken to bring down the fiscal deficit and keep the economy in a better shape. The Rajya Sabha later unanimously adopted the motion: “This House...
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BPCL to start community kitchen by R Vimal Kumar
Bharat Petroleum Corporation Limited (BPCL) is to set up a community kitchen at the district headquarters hospital here shortly. The project is mooted as part of the Union Government's ‘Vision-2015' programme to make the domestic LPG available to the deprived sections of society wherever possible through the common LPG kitchen mode. The features of the scheme had been drafted by the Union Ministry of Petroleum and Natural Gas. BPCL Territory Manager...
More »‘Give subsidy to schools, hospitals, not oil firms'
For LPG and kerosene subsidy, government has to make up from petrol, says Montek Singh Ahluwalia he government should use its money on building schools and hospitals than subsidising oil companies, which were making huge profits because of grant, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. “The profits shown by the oil companies are largely due to subsidies. We are not supposed to be subsidising the oil companies ... we...
More »Poor Performance by SL Rao
India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...
More »Hernando de Soto interviewed by Shekhar Gupta on NDTV’s Walk the Talk
Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...
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