The flagship programmes of the UPA government in the social sector have had little impact. Spending has been between 25 and 75 per cent in many schemes like the Indira Awas Yojana, the rural housing scheme, the rural electrification scheme and the rural health programme. Irrigation statistics have come under scrutiny. Some education initiatives have managed to achieve physical targets but several NGOs have raised issues concerning the quality. National Rural Employment...
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Pranab takes an agro stand
Rattled by soaring food prices and falling farm productivity, the FM has announced a slew of measures to boost the farm sector and vowed to deepen the process of attracting more private investment in agriculture and agro-processing. He announced an increase in bank lending for farm sector as well as interest subsidy to farmers who pay short-term crop loans on time. "I propose to enhance additional subvention to 3% in 2011-12....
More »Centre slashes MEP for onions by 25% to $450
In a major relief to farmers and exporters, the Centre on Wednesday slashed the minimum export price (MEP) for onions by 25 per cent to $450 a tonne from $600. “Minimum Export Price of onions other than Bangalore Rose onions and Krishnapuram will be $450 per tonne freight on board,” Directorate General of Foreign Trade (DGFT) said in a notification. Last month, the government had lifted a ban on onion exports after...
More »A Budget for the Rich by R Ramakumar
Budget 2011-12 marks a sharp retreat of the government from the social and economic sectors. It has cut back expenditures in sectors that matter to common people, especially the poor. On the other hand, it has given huge concessions to the corporate sector in the form of tax cuts and exemptions. Let us take the overall fiscal stance of the budget. The underlying strategy is to reduce its fiscal deficit to...
More »CWG scam: Bhanot, Verma sent to Tihar Jail till March 15
Former top CWG Organising Committee officials Lalit Bhanot and VK Verma were on Tuesday sent to Tihar Jail under 14-day judicial custody by a Delhi court for striking an "irregular" Rs 107 crore deal with a Swiss firm to provide various logistic supports for the Games. Special Judge Talwant Singh remanded the duo in judicial custody on the CBI plea that the investigation into the case was still going on....
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