Farmers can continue to reap a financial harvest that first came as a windfall loan waiver of Rs 60,000 crore in 2008. Finance minister Pranab Mukherjee raised the target for loan disbursal to the farmers from the present Rs 3,75,000 crore to Rs 4,75,000 crore in 2011-12, nearly a 27% jump.Mukherjee has raised the target consistently in 2010-11, the loan target was raised by over 15% at Rs 3.75 lakh...
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Spike in food inflation a cause for concern, says Survey by Gargi Parsai
The sharp rise in food prices inflation will remain a major cause of concern as inflationary pressures on the domestic front are likely to be exacerbated by higher levels of global commodity prices, the Economic Survey has said. It also indicated that the political turmoil in the Middle East and the “easy money” policy being followed by developed nations trying to jump-start their own economies after the global recession of 2008-09...
More »The cash option by Jayati Ghosh
Cash transfers, the latest global development fashion, involve several risks in India, not least the risk of forgetting the need for continuing structural change. WHEN I was growing up, several decades ago, middle-class society in India was always a little delayed in catching on to Western fashions whether in music or dress or in other aspects. The past decades of globalisation seemed to have changed all that. Modern communications technology...
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 »UN calls for ‘new era of social justice’ for all with basic services and decent jobs
With 80 per cent of the world’s people lacking adequate social protection and global inequalities growing, top United Nations officials are calling for a new era of social justice that offers basic services, decently paid jobs, and safeguards for the poor, vulnerable and marginalized. “Social justice is more than an ethical imperative; it is a foundation for national stability and global prosperity,” Secretary-General Ban Ki-moon said in a message ahead of...
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