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Zilla funds axe ‘political necessity’

-The Telegraph The Mamata Banerjee government’s move to appropriate the financial powers of the zilla parishads in North 24-Parganas, Nadia and Murshidabad has set the stage for battle in next year’s panchayat elections. Senior Trinamul leaders said with the financial powers gone, these three zilla parishads have effectively been wrested from the Left. Panchayat minister Subrata Mukherjee said the move to take away the financial powers was an “administrative necessity” as in the...

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Cut in NREGA allocation may hit FMCG firms-Meghna Maiti

The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...

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Economic survey 2011-12: Extend rural job scheme to urban areas

-IANS   Calling for effective measures to improve the efficiency of social sector programmes, the Economic Survey for 2011-12 has suggested extending the government's ambitious rural jobs scheme to urban areas, strengthening panchayati raj institutions (PRIs) and skill improvement for enhanced employability. The survey, which was presented by Finance Minister Pranab Mukherjee in parliament Thursday, said that programmes like Mahatama Gandhi National Rural Employment Guarantee Scheme (MGNREGS) have been instrumental in creating employment...

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Food Security bill: Rs 1.15 lakh cr more needed to raise farm output

-PTI An additional investment of Rs 1,15,660 crore would be required to revitalise the agriculture sector and boost production to meet the foodgrains demand under the proposed Food law, Parliament was informed today.  "To effectively implement the proposed Food Security Act, it is estimated that there should be an additional production of about 70-75 million tonnes of foodgrains," Minister of State for Agriculture Harish Rawat said in a written reply to Lok...

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Budget 2012: Introduce VAT on farm produce, says government report

-PTI With agriculture share in GDP halving to 15 per cent in the last two decades, a government report card today called for major reforms, from marketing to investment, and new technologies for accelerating farm growth.  The report on 'State of Indian Agriculture 2011-12', tabled in the Lok Sabha said, "Achieving an 8-9 per cent rate of growth in overall gross domestic produce (GDP) may not deliver much in terms of poverty...

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