-IANS The government is planning to set up a Rs.40,000-crore flexi-fund to help states address specific rural development needs. The fund will be available to states from the next financial year till the end of the 12th Five-Year Plan in March 2017. The central government will have a 70 per cent share in the fund. "For the first time, we are putting together a flexi-fund of Rs.40,000 crore that will be available to...
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In the public interest-Apar Gupta
-The Indian Express Recently, the prime minister raised concerns about RTI applications encroaching on the right to privacy. At this juncture, it may be worth remembering the case of “Auto Shankar” and his diary. About 20 years ago, an auto driver called Gauri Shankar, who had murdered more than six teenage girls, was convicted and sentenced to death. Before the appeals process was exhausted, he started writing a diary, which was...
More »$50m for biodiversity conservation-KV Ramana
-DNA Amid the controversy over allocation of resources for biodiversity by developed and developing nations, India has decided to allocate $50 million (about Rs 275 crore) towards biodiversity conservation. In addition, the country would also allocate similar amount to help other developing nations conserve biodiversity. Addressing the representatives of about 190 countries at the opening plenary of the high-level segment of the 11th Conference of Parties (COP-11) on the Convention on Biological...
More »True Progressivism
-The Economist A new form of radical centrist politics is needed to tackle inequality without hurting economic growth BY THE end of the 19th century, the first age of globalisation and a spate of new inventions had transformed the world economy. But the “Gilded Age” was also a famously unequal one, with America’s robber barons and Europe’s “Downton Abbey” classes amassing huge wealth: the concept of “conspicuous consumption” dates back to 1899....
More »Untenable critiques sowing confusion on supposed ill-effects of retail FDI-Jagdish Bhagwati & Rajeev Kohli
-The Economic Times Retail sector liberalisation has been revived and included in Prime Minister Manmohan Singh's package of big-bang reforms announced recently. This was to be expected as an element of the package since the influential minister Jairam Ramesh, who has access to Sonia Gandhi and is identified with her NGO-dominated set of advisers whose knowledge of economics is outweighed by their enthusiasm, had already announced his conversion to retail sector...
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