-The Economic Times KOLKATA: West Bengal chief minister Mamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money to deposit schemes that promise high returns will be going ahead with the Reserve Bank of India having cleared the participation of state-run banks in the programme. The state government is to launch the plan on November 6. State-run West Bengal Infrastructure Development Finance Corporation...
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Raghuram Rajan Committee report demolishes Modi's claims of development in Gujarat -Kartikeya Sharma
-India Today The BJP's prime ministerial candidate Narendra Modi is going to fight the next general elections on the development plank, and he puts forth Gujarat as the model of development. At public meetings, he has been appealing to other states and the Centre to follow his model. But the latest index released by the finance ministry may prove to be a pinprick. It shows Gujarat has not done as well...
More »Odisha, Bihar least developed, Gujarat less developed: Raghuram Rajan panel
-The Economic Times NEW DELHI: A high-level panel has recommended new criteria for measuring the backwardness of states and proposed the devolution of funds to them through an index that identifies Odisha and Bihar as the least developed states and Goa as the most developed one. The committee had been set up by the government amid demands for "special category" status by Bihar and was headed by the then chief economic...
More »Food Corporation of India is prepared to implement Food Security Law: KV Thomas -Sutanuka Ghosal
-The Economic Times KOLKATA: In the wake of the just-enacted National Food Security Act, the Union Minister for Food and Public Distribution, Prof KV Thomas recently reviewed the operations of Food Corporation of India (FCI), especially from the point of view of its preparedness for implementing the law. Expressing satisfaction after the review, Prof. Thomas said the FCI had been undertaking various steps in the last one year towards increasing the storage...
More »More bite, less to chew -Latha Jishnu, Jyotika Sood and Suchitra M
-Down to Earth The most controversial aspect of the food security law is the restructuring of the public distribution system to cover an unprecedented 67 per cent of the population, most of them in the poorer states. LATHA JISHNU, JYOTIKA SOOD and SUCHITRA M explain why there are winners and losers in the new dispensation and how states with better PDS will have to find huge resources to keep their numbers...
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