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Centre to stop NREGS fund flow to 14 UP districts by Swati Mathur

The pitched Centre-state spat overNational Rural Employment Guarantee Scheme(NREGS) is likely to reach its breaking pointsoon. On Friday, Sanjay Dixit, a member of Central Employment Guarantee Council, slammed thestate government for not pulling up senior state government officials for improper implementation of the scheme. Speaking to TOI, Dixit confirmed that the Centrewill, in the next one month, stop fund flow to at least 14 districts of UP, because of large scale misappropriation...

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Lopsided growth by Venkitesh Ramakrishnan

U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...

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India income inequality doubles in 20 years, says OECD

-BBC   Inequality in earnings has doubled in India over the past two decades, a new report says, making it one of the worst performers among emerging economies. The Organisation for Economic Cooperation and Development (OECD) says the top 10% of wage-earners make 12 times more than the bottom 10%, compared to six times 20 years ago. The OECD says India has the highest number of Poor in the world. Some 42% of its 1.21...

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Fragmented Bengal funds other states

-The Telegraph   RBI governor D. Subbarao has expressed concern over Bengal’s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere. The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the Poor credit absorption capacity of rural Bengal because of fragmented land holdings — a fallout of the land reforms. After a meeting with chief minister...

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Supreme Court: the balancing act by Nikhil Kanekal

Despite criticism of the appointment process, and pendency , the Supreme Court appears to enjoy public confidence like no other institution As the Supreme Court of India approaches its final week of hearings for the year, a look back shows it has dominated the national consciousness by ruling on myriad issues. The court was conceived by the framers of the constitution to deal mainly with fundamental questions of law. But India’s top...

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