-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...
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Growth slowest in four years
-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...
More »Unique Identification project expenditure at Rs 3,062 crore as of July end
-PTI NEW DELHI: The Unique Identification (UID) project has incurred an expenditure of Rs 3,062 crore as of July end as against a total cost of Rs 12,398 crore sanctioned by the government, Parliament was informed today. "Against a total cost of Rs 12,398 crore sanctioned by the government for the UID project, an expenditure of Rs 3,062 crore has been incurred as on July 31, 2013," Minister of State for Planning...
More »Lok Sabha passes Land Bill with 216 ‘ayes’ -Vinay Kumar and Anita Joshua
-The Hindu The long-pending Land Acquisition, Rehabilitation and Resettlement Bill was passed by the Lok Sabha on Thursday night after Union Rural Development Minister Jairam Ramesh assured the House that the measure allowed enough room for State governments to implement it as per their requirements. The Bill is only setting a bottom line for fair compensation, rehabilitation and resettlement in the case of land acquisition and State governments were free to further...
More »'Food security bill to cover about 3-times the number of poor'
-PTI According to Planning Commission estimates, 21.9% of the people live below the poverty line in 2011-12. The food security programme is not restricted to the poor and the population covered by it is about three times the number of people below the poverty line, Parliament was told today. 'The government has decided to cover 67 per cent of the population under Food Security Act. The proposed coverage is not restricted to the...
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