-The Hindu India is the most affected, with 18 p.c. drop in summer rains THIRUVANANTHAPURAM (Kerala): Widespread deforestation, especially in the northern high latitudes, takes a toll on the monsoon across the northern hemisphere, with rains over India particularly badly affected, according to a new study from researchers at the Indian Institute of Science in Bangalore. By the 1750s, only about seven per cent of the global land area had been cleared...
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Pact binds RBI to inflation target -Puja Mehra
-The Hindu Will try to bring figure down to 6% by Jan. 2016 The Centre and the Reserve Bank of India signed an agreement last month under which the central bank will prioritise controlling price rise above the other objectives of the monetary policy - interest rates and the foreign exchange rate. The agreement formalised a policy the Reserve Bank had been following since January 2014, which is a significant development in monetary...
More »Huge hole in the rice bowl -T Ramakrishnan
-The Hindu Over 3 lakh tonnes of food grain, enough to feed 15 lakh families, is pilfered from ration shops annually Chennai: The quantum of PDS rice pilfered from Tamil Nadu is so high that it is what 15.68 lakh families are entitled to draw free of cost every month. A whopping 3.76 lakh tonnes of rice from the public distribution system goes missing annually. In financial terms, this means a loss of...
More »BJP’s poll funds equal other parties’ put together
-Hindustan Times The BJP had received as much money in donations as all other national political parties combined for the 2014 general elections that it won with a sweeping verdict, says a report by the Association for Democratic Reforms (ADR). The ADR report said the BJP collected Rs 560 crore as against Rs 350 crore by the Congress, around Rs 77 crore each by NCP and the BSP and Rs 65 crore...
More »The budget exposes the class bias of the Modi govt -Prasenjit Bose
-Hindustan Times Finance Minister Arun Jaitley's claims of already having achieved an economic turnaround, made in his budget speech, evoke suspicion. Inflation is certainly down and so is the current account deficit, but that has almost entirely to do with the crash in international crude oil prices, which have fallen from $110 per barrel in June 2014 to around $57 per barrel currently. In fact, rather than passing on the full...
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