A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...
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Debate on poverty does not alter the reality of declining poverty or strategy to combat it-PP Sangal
The Planning Commission drew flak when it calculated that if an urban person spent 28 per head every day and someone in rural areas spent 22, that was enough to consider them to be above the poverty line. These figures are based on consumption expenditure data collected in the 66th round of NSSO for 2009-10. From these new estimates, using the Tendulkar Committee methodology, the number of poor in 2009-10 was...
More »Wedding cost cap to fight dowry-Ananya Sengupta
A government panel has recommended an income-linked cap on marriage expenses as part of amendments to curb dowry harassment. “Introduction of ceilings in terms of percentage of income on gifts and marriage expenditure needs to be considered. A limit should also be put on marriage expenditure in terms of food,” the high-powered Planning Commission panel on women empowerment has said. The panel, made up of senior officials of the women and child...
More »Brace for price rise, kharif MSP may be raised up to 30%-Rituraj Tiwari
Consumers may have to pay substantially more for pulses, oilseed, and rice in the coming months if the government accepts the recommendations of an expert panel to increase farm-gate price of these commodities by up to 30%, further stoking food inflation. The Commission on Agricultural Costs and Prices (CACP), under the ministry of agriculture, has recommended a 25% rise in the floor price of cotton, 16% rise in paddy, 30% rise...
More »Toilet scam leaps out of closet-Basant Kumar Mohanty
If this doesn’t raise a national stink, little else will. Around 3.5 crore toilets are missing in India, if official statistics are not meant to be flushed down the drain. The Union rural development ministry claims its Total Sanitation Campaign (TSC) has delivered more than 8.71 crore latrines to households across villages over the past decade. But household data from the population census shows that only around 5.16 crore households had latrines...
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