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Oil PSUs: Decoding the math of loss or under-recovery and what it means-Avinash Celestine

-The Economic Times How right was the government when it stated that the under-recoveries posed a threat to 'our national economy'? Or when the government says that it gave more to the sector in the form of subsidies than it earned as fuel taxes? The government would also like you to believe that the under-recoveries, dependent as they are on the price of crude in the international market, and the exchange...

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Strengthening SME sector will open up a new strategy of broad-based, fast growth -Devaki Jain & Deepshikha Batheja

-The Economic Times "Are we knowledge-proof?" asked the late Prof Raj Krishna. As memorable as his other coinage, the Hindu rate of growth, this question is relevant, given our current growth strategy. The SME sector is a vibrant part of the economy, accounting for 40% of manufacturing and generating jobson a scale second only to agriculture. The figures are similarly significant for handicrafts and handlooms. According to the Tenth Plan, GDP from handicrafts...

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From verdant city to vertical slum-Romi Khosla

-The Hindu The government’s ill-conceived urban development schemes are threatening the future of Delhi The Delhi Urban Arts Commission was constituted by an Act of Parliament in 1972 with the sole intention of acting as a supra urban body to guide the future development of Delhi. After 40 years of its existence, chaired by a galaxy of bureaucrats and, more recently, famous architects, it is still difficult to evaluate whether it has...

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Reform by transparency

-The Business Standard Gas cylinder cap has lessons for the future  Of all the decisions that the United Progressive Alliance government took last week to end a long period of policy paralysis, the one that has caused the least provocation to opposition political parties is the annual capping of the supply of subsidised cooking gas cylinders. This is surprising, as its net effect on a householder’s annual budget will likely be substantial....

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Iron Ore Scam: Jena Wants Exclusive Rights Over Minerals

-Outlook Alleging a Rs four lakh crore scam in iron ore mining as the state government kept renewal of licenses in abeyance, Union Minister Srikant Jena today demanded exclusive rights to Odisha Mining Corporation (OMC) over minerals. "The scam relates to renewal of licenses. Official documents show of the 107 iron ore mines in Odisha, 83 are operating by using 'deemed to' clause of the mining law," the senior Congress leader told...

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