It was one comment from finance minister Pranab Mukherjee that almost blunted Left's persuasive arguments for increasing the minimum wages under the National Rural Employment Guarantee Scheme during the Question Hour in Rajya Sabha on Tuesday. As Mukherjee was explaining how the scheme had increased the purchasing power of the people and said that the wage approved by the Parliament was Rs 100, Brinda Karat of CPM intervened to say...
More »SEARCH RESULT
Total Matching Records found : 852
Walking the fiscal tightrope by Laura Papi & James P Walsh
With India growing faster than almost every other large economy, the government is right to address its long-run challenges. The push for investment in infrastructure is bearing fruit and the expansion of social programmes such as the National Rural Employment Guarantee Act (NREGA) and the Right to Education Act (RTE) is spreading the benefits of growth across the population. But just as improved infrastructure doesn’t eliminate all traffic jams, rapid growth...
More »Centre consulting states on Food Bill: Patil
President Pratiba Patil today said the Centre is consulting state governments on the proposed National Food Security Act (NFSA), which will give the poor a legal entitlement to subsidised foodgrains. “The states are being consulted as the success of the programme (NFSA) hinges critically on their commitment to reforms in the public distribution system (PDS),” Ms. Patil said in her address to Parliament to mark the beginning of the Budget Session. The...
More »Hard questions about soft questions by P Sainath
There was in fact a successful auction of spectrum — only it was not conducted by the government but by its corporate sector cronies who made a fortune on the deal. On one pronouncement of his, you have to agree with Prime Minister Manmohan Singh. His is not a ‘lame-duck government.' Cooked goose seems the more appropriate soubriquet. However, not a single new scam worth over Rs. 1 lakh crore has...
More »Government put out a new price index, but annual nos. only next Jan
The government put out a promised new price index on Friday that will capture changes in prices of goods and services sold at the retail level, helping the government and the central bank get a better grip on policy tools while tackling inflation. Central banks world over rely on retail prices while framing monetary policy, but the Reserve Bank of India has had to consider mostly the wholesale price index...
More »
