RANWAN, India — In this north Indian village, workers recently dismantled stacks of burned and mildewed rice while flies swarmed nearby over spoiled wheat. Local residents said the rice crop had been sitting along the side of a highway for several years and was now being sent to a distillery to be turned into liquor. Just 180 miles to the south, in a slum on the outskirts of New Delhi, Leela...
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UPA defers Pension Bill after Mamata's veto
-The Times of India It was meant to showcase the government's new-found resolve to push the reforms agenda in order to stanch the declining growth rate and to repulse the perception of governance freeze. Instead, it ended up publicizing yet again the government's vulnerability as well as its reluctance to speed up decision making at the cost of angering allies on the eve of presidential poll. The UPA on Thursday withdrew its...
More »Pranab urges States to use Aadhar platform
-The Hindu In yet another move to curb wasteful expenditure after launching an austerity drive in Ministries, Central departments as also autonomous bodies, Finance Minister Pranab Mukherjee on Thursday pitched for streamlining the delivery mechanism for distributing subsidised commodities such as food ration, cooking gas and all other targeted government schemes for the ‘Aadhaar' platform. In a letter to Chief Ministers of 16 States and Union territories, Mr. Mukherjee said: “...given the...
More »Austerity measures likely to help government save Rs 1,000 crore-Pradeep Thakur
-The Economic Times The austerity measures announced by finance minister Pranab Mukherjee are likely to help the government save between Rs 800 crore and Rs 1,000 crore, said a senior finance ministry official. The government has decided to cut down on foreign travels of ministers and official delegations and has put a ban on creation of plan and non-plan posts The figure is based on preliminary estimates. In addition, the 10% cut...
More »Govt defers decision on Pension reforms bill
-PTI Amid differences among allies, the government on Thursday deferred a decision on the changes in the crucial Pension Fund Regulatory and Development Authority Bill, 2011. "It (the PFRDA Bill) was taken up and deferred", said a minister after the Cabinet meeting here. Among the UPA allies, Trinamool Congress has been quite vociferous in opposing the Pension and insurance reforms. Railway minister Mukul Roy, who represents TMC in the UPA government, did not speak...
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