Total outlay for School Education is Rs.13,334 crore Students of classes X, XI and XII in government and government-aided schools will be entitled to an incentive after completion of schooling, Finance Minister O. Pannerselvam told the Assembly in the Budget speech for 2011-12 here on Thursday. The total outlay for School Education is Rs.13,334 crore. While students of classes X and XI would receive Rs.1,500 each per year for completion, students of...
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City’s poor dwellers are no richer than village counterparts -ENS Economic Bureau
There’s not much difference between the spending patterns of the urban and rural poor but the city-village divide becomes much wider amongst the rich in each class. These are some of the key findings of the National Sample Survey Organisation’s (NSSO) 66th round of survey on household consumption expenditure. The survey, which was carried out between July, 2009 and June, 2010 has revealed that the poorest 10 per cent of India’s...
More »Suresh Tendulkar, eminent economist, passes away by Ashok Dasgupta
He played a significant role in framing economic policy He estimated that every third Indian is living in poverty Did extensive work on credit and privatisation policies With the demise of Suresh Tendulkar at the age of 72 following a cardiac arrest in Pune on Tuesday, the country has lost yet another eminent economist who played a significant part in moulding the government's economic policy making. A Ph.D. in economics from Harvard University and...
More »Social audit reveals instances of corruption by Asha P Nair
A ward member in Vilappil panchayat in Thiruvananthapuram was allegedly gifted a gold bangle by the women engaged in National Rural Employment Guarantee Scheme (NREGS) in her ward. A male member in one of the adjacent wards received gifts ranging from a gold ring to footwear. All as thanksgiving for work offered to the women under NREGS. This is just one of the many shocking revelation s which were revealed in...
More »CPI shows maximum rise in Kerala, Orissa and Meghalaya in Jan
While inflation has been hitting people hard across the country, the rate of price rise has been the most in Kerala, Orissa and Meghalaya, as per government data released today. In all three states, the consumer price index (CPI) overall stood at 108 in January from a base of 100 in 2010, suggesting inflation of 8 per cent. Incidentally, even richer states like Maharashtra, Gujarat, Haryana, Delhi and Punjab reported a...
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