-The Economic Times Government auditor CAG today said it is in the process of finalising its report on Reliance Industries'sKG-D6 gas fields. Refuting allegation by theReliance Industries that it was not given enough time to respond to the audit observations, Comptroller and Auditor General of India Vinod Rai said, "We have given Reliance enough time to respond... it (the CAG report) is in the process of being final". Rai was responding...
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Making PDS an Effective Weapon by Prabha Jagannathan
In a week when the central food ministry is reviewing the functioning of the much-maligned public distribution system (PDS) and plans to pull up laggard states on poor storage facilities, low grain offtake, high diversion and a persistently slacking programme, an objective relook at the world’s largest grain distribution system is imperative. Agriculture minister Sharad Pawar has time and again emphasised that streamlining the PDS in the usual-suspect states to...
More »The plunder economy by Ashok Mitra
One lives to learn — or unlearn. The working head of what passes for this country’s Planning Commission is unambiguous about it. One important measure to fight inflation, he believes, is to raise prices. That is to say, to stop prices from rising, you must first raise prices. The gentleman has heartily endorsed the recent serial increases in the prices of petroleum products since such increases will, in his view,...
More »Bihar's Per Capita Expenditure lowest in country
-TimesWireService.Com Patna/ New Delhi: Bihar Continues To Be At The Bottom Of The Ladder So Far Monthly Per Capita Expenditure (mpce) Is Concerned. Punjab, Kerala And Maharashtra Continue To Top The List. According To The 66th Round Of The Household Consumption Expenditure Survey Released By The National Sample Survey Office (nsso) On Friday, Rural Bihar With Just Rs 780 Has The Lowest Monthly Per Capita Expenditure (mpce) In The Country To...
More »Spending pattern points to India's rich-poor divide by Indivjal Dhasmana
The gap in consumption spending between poor and rich is more in urban areas than rural. Apart from much inequality in consumption between urban and rural areas. Consumption per capita was 5.6 times less in a month for the bottom ten per cent of the population than the top 10 per cent in rural areas during 2009-10. The disparity increases to 9.8 times between the two classes in urban parts, according...
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