-Vikalp A remarkable feature of the first budget of the Modi government was that the numbers in it (see Table 1 for a summary) - of the revenues that are anticipated from different source, the expenditures allocated to different heads and the fiscal deficit which expresses the gap between the aggregates of these - were almost identical to those in the interim budget presented earlier in the year by the UPA...
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India ranks 135 in human development index: UNDP
-The Times of India Improvement in human development measures has slowed down in the past few years, according to the 2014 Human Development Report (HDR) released on 24 July in Tokyo. The human development index (HDI), a measure derived from life expectancy, education levels and incomes, barely grew from 0.700 in 2012 to 0.702 in 2013. Even that small improvement could be at risk of getting reversed given the bleak picture of...
More »Farmers to have ‘Kisan Mandi’ in Delhi by September
-The Economic Times NEW DELHI: Farmers will be able to directly sell fruits and vegetables to consumers and wholesalers in Delhi as the city will have a 'kisan mandi' by September after the government changes the law that gives traders and middlemen a monopoly. Farmers and farmer producer organisations (FPOs) will be able meet part of Delhi's demand of 15,000 tonnes of vegetables a day after the Delhi Agriculture Produce Market (APMC)...
More »Aadhaar gets a lifeline as Nandan Nilekani impresses Narendra Modi and Arun Jaitley -Vikas Dhoot & M Rajshekhar
-The Times of India NEW DELHI: Four days before Prime Minister Narendra Modi made his first public statement surprisingly backing the Unique Identification Authority of India (UIDAI), former UIDAI chairman Nandan Nilekani met with the PM and finance minister Arun Jaitley and persuaded the new regime to persist with Aadhaar numbers and the Direct Benefits Transfer (DBT) scheme. This meeting - a life-saver for the Aadhaar programme - happened on the first...
More »Ration card’s out, Aadhaar in to open Bank accounts -Mayur Shetty
-The Times of India MUMBAI: The ration card - the government issued booklet for availing of subsidized food under the public distribution service - is set to lose its privileged status as a valid document for opening Bank accounts. Aadhaar is now set to become the single universal document for opening a Bank account in India. In a circular dated July 17 addressed to Banks, the RBI said that it has revised...
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