-PTI HYDERABAD: A day after the Chief Minister remarked that observations of CAG were "not scriptures", the public auditor picked many holes in Andhra Pradesh government's budgeting process and financial management even as it praised the state for achieving fiscal reform targets. In its report on the state finances for 2011-12, the CAG rapped the government for failing to ensure proper utilisation of allotted funds, particularly on capital works, resulting in staggering...
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Prof. Reetika Khera, Development economist IIT Delhi interviewed by Sreelatha Menon
-The Business Standard Indian Institute of Technology-Delhi professor and development economist Reetika Khera tells Sreelatha Menon that the food Bill may not be a leap ahead, but it is certainly a step forward * The food Bill is a guarantee for lifelong dependence on government doles. As an economist, can one defend such a policy? The food Bill should be seen as an investment. "Labour" is India's most important asset. In that sense,...
More »Food Bill may be tabled in House today-Sanjeeb Mukherjee
-The Business Standard Sale price of Rs 3 per kg for rice, Rs 2 for wheat and Re 1 for coarse cereals will be revised every three years The National Food Security Bill is expected to be tabled in Parliament today, after being cleared by the Cabinet earlier this week. The Bill has said that it will be responsibility of the central government to provide assistance to the states in meeting the expenditure...
More »EC can’t disqualify candidate over poll accounts, paid news: Government -P Sainath
-The Hindu The commission, which has won acclaim for conducting elections with fairness and integrity, is now in danger of seeing a huge gutting of its powers to do so The Union Government has told the Supreme Court that, in its view, the Election Commission of India has no power to disqualify a candidate on grounds of “correctness or otherwise” of his/her election accounts. A counter-affidavit filed by the Union Law Ministry...
More »All the way to the ground-KP Shashidharan
-The Indian Express An accountability framework is critical for flagship schemes In his budget speech, the finance minister gave the assurance that all flagship programmes of the government would be adequately funded. The government pours substantial funds into 70 Centrally sponsored schemes. In 2011-12, an amount of Rs 1,88,573 crore was allocated for the implementation of 13 development programmes, such as the MGNREGA, PMGSY, NRHM and JNNURM, under the auspices of nine...
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