Putting an end to the months of controversy over fund sharing for the Right to Education Act, the Union government has now fixed a 65-35 sharing pattern. The pattern, which received the in-principal approval of the expenditure finance committee of the ministry of finance, will be applicable for the next five years. With this, states like Uttar Pradesh and Bihar, both governments that had demanded 100% Central assistance, will have...

Underpressure from the states, the central government has agreed to bear a higher burden of the cost of implementing the Right to Education. The Centre’s share of the financial burden will be at 68%, a sharp rise from the sharing pattern of 55:45 in the current year and the proposed 50:50 from 2011-12 . The new sharing pattern has been approved by the Expenditure Finance Committee on Wednesday. The ministry...

The Centre has revised the financial allocation under the Right of Children to Free and Compulsory Education Act over the next five years. As against the Rs.1,71,000 crore suggested earlier, the Finance Ministry has now approved an allocation for Rs.2,31,000 crore. The Expenditure Finance Committee (EFC) under the Finance Ministry has also agreed to increase the Centre's share effectively to 68 per cent and reduce the State share to 32 per...

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...

The official line is simple. Since we cannot afford to feed all the hungry, there must only be as many hungry as we can afford to feed. There was irony in the timing of the petrol price decontrol order. The decision, which also covered major hikes in diesel and kerosene prices, and affects hundreds of millions of people, came even as Manmohan Singh advised world leaders in Toronto on the need...