-The Telegraph New Delhi: A parliamentary panel has voiced shock that a scholarship for underprivileged meritorious students had not been revised since the scheme was launched in 2008, leaving it at less than half of what households now spend on average on a higher secondary student. According to a survey on social consumption, households spend Rs 12,619 a year on a plus-2 student's schooling, while the yearly amount under the National Means-cum-Merit...
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Wholesale prices up 5.25% year-on-year in January -Kirtika Suneja
-The Economic Times NEW DELHI: India's wholesale Inflation saw a sharp rise in January owing to costlier fuel and power even as food items continued to remain cheaper. Data released by commerce and industry ministry on Tuesday showed WPI Inflation at 5.25% compared with 3.39% in December. Fuel and power Inflation rose 18.14% in January from 8.65% in December. WPI Inflation in manufactured products, which has a 64.97% weight in the index, increased...
More »Retail Inflation cools to 5-year low of 3.2% in January
-The Times of India NEW DELHI: Retail Inflation cooled to five-year low in January on the back of sliding vegetable and food prices but the lurking price pressure may prompt the Reserve Bank of India (RBI) to maintain a wait-and-watch policy on interest rate for now. Data released by the Central Statistics Office (CSO) on Monday showed Inflation, as measured by the consumer price index (CPI), rose 3.2% in January, slower than...
More »Reading between the lines: Forget the rhetoric, this is no Budget for India's poor -Harsh Mander
-Scroll.in India's social-sector spending remains woefully low and despite claims of being a pro-farmer Budget, the effective allocations are nearly the same as last year. Some commentators expected that the Union Budget 2017-’18 would craft a sharp departure from earlier budgets of this government. This it would do to mitigate the immense suffering of millions of casual workers, farmers and small traders caused by the “shock and awe” of the astoundingly callous...
More »Budget bids adieu to welfare state, rue civil rights activists
-The Hindu Business Line Fails to ease distress caused by demonetisation’ New Delhi: Terming the Union Budget 2017-18, presented by Finance Minister Arun Jaitley, as detrimental to the realisation of the welfare State, as enshrined in the Constitution, civil rights organisations said it “fails to respond to the present situation of distress and unemployment especially aggravated by demonetisation.” “The Budget seems to be perpetuating unemployment, hunger and malnutrition,” said a release by the...
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