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Rich Economy, Poor Management -Pranab Bardhan

-Outlook Don’t blame globalization for inequality – but rather policies hijacked by a few Economic globalization in the sense of expansion of foreign trade and investment is, of course, somewhat anaemic, reflecting the impact of global recession, although still vigorous in the sense of continuous international transmission of technology, information, ideas and social media. But in the world of politics and policymaking a cold wind is blowing, dimming earlier enthusiasm for global...

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Bihar govt to probe in misuse of Rs 5,900-cr NREGA funds

-Rediff.com Bihar Rural Development Minister Nitish Mishra on Monday ordered an inquiry into the allegations that nearly 73 per cent of the funds allotted for implementation of the Mahatma Gandhi National Rural Employment Guarantee Act in 38 districts of Bihar, between 2006 and 2012, have been embezzled by authorities "The department will inquire into the corruption and will conduct physical verification of all facts related to the scheme," Mishra said. The Bihar government...

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Bt failure to hit cotton yield by 40%: Govt-Yogesh Pawar

-DNA For the first time, Maharashtra has officially admitted that cotton yield is likely to reduce by nearly 40%. Bt cotton failure in more than 4 million hectares of land has reduced cotton yieldfrom 3.5 million quintal to 2.2 million quintal. A report sent by the state agricultural department to the Centre states that the estimate of the net direct economic loss to cotton farmers in the state will be nearly Rs6,000...

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Direct cash transfer of subsidies through Aadhaar from January 1

-The Hindu Direct cash transfer of subsidies through the Aadhaar card would be rolled out in 51 districts across 15 States from January 1, 2013, Union Finance Minister P. Chidambaram announced on Saturday. The scheme would aim to cover the entire country by the end of 2013, he said. Speaking at the annual Bankers’ Conference (BANCON), Mr. Chidambaram said banks would play an essential role in the direct cash transfer, as every...

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Call to sharpen Dalit, tribal welfare focus

-The Telegraph The Sonia Gandhi-headed National Advisory Council has suggested revamping the way tribal and Dalit welfare programmes are now implemented, saying these have failed to make much difference to their lives. Council member N.C. Saxena told The Telegraph that the funds allotted for Dalit and tribal welfare schemes are now mostly spent on wider projects, diluting the benefits, which accrue to all rather than specifically to Dalits and tribals. The council examined...

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