Buying and running cars and two-wheelers could soon become a costly affair with a Planning Commission working group suggesting a green surcharge of Rs 2 on every litre of petrol, a green cess of 3% of the annual insured value of all private vehicles and a steep urban transport tax to be collected at the time of purchase of private vehicles. The panel, headed by Delhi Metro chief E Sreedharan, has...
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Centre to set up Rs. 1,000-crore fund to promote housing for poor by P Sunderarajan
It will provide credit risk guarantee to banks on the loans Prime Minister Manmohan Singh on Tuesday announced that the Centre was considering setting up a credit risk guarantee fund with a corpus of Rs. 1,000 crore, to start with, to encourage banks to lend to the poor for housing. Emphasising that developing housing for the poor was critical for sustainable urban development, he said: “To encourage banks to lend in significant...
More »Corruption leading to unequal access, use and distribution of land–UN report
-The United Nations Corruption caused by weak governance is leading to unequal land distribution and poor resource management, according to a United Nations report released today, which argues that this lack of transparency is undermining social stability, investment and growth in developing countries. Weak land governance occurs as a result of low levels of transparency, accountability and the rule of law, the report says, which strains “the rules, processes and institutions that...
More »Seeking Aid For Low Carbon Growth by Keya Acharya
After pushing for financing adaptation at the just-concluded United Nations climate talks at Durban, India is hitting every button for aid in executing its low-carbon growth plans. This despite India (and China) refusing to sign new climate agreements at the U.N. Framework Convention for Climate Change (UNFCCC)’s 17th conference of the parties (COP 17) in the South African city. India, in fact, has a well-drawn out policy and action plan for climate...
More »Farms hit, freeze NREG for 3 months/yr: Pawar to PM by Ravish Tiwari
In the first high-level red-flag against the UPA government’s flagship Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), Agriculture Minister Sharad Pawar has told Prime Minister Manmohan Singh that while assets created under the NREGA “may or may not have productive use”, the programme was “adversely” impacting the agriculture sector by “drawing out agriculture labourers from agricultural operations”. In a letter sent to the prime minister late last month, Pawar is...
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