In an attempt to expedite the implementation of the RTE Act (Right of Children to Free and Compulsory Education Act), the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved revision of the Sarva Shiksha Abhiyan (SSA), which is regarded as a flagship programme to universalise elementary education across the country. A revised SSA that is aligned with the RTE norms is expected to be the main vehicle for the...
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Self-employment scheme to become livelihood mission
The Cabinet Committee on Economic Affairs (CCEA) Thursday approved the restructuring of a centrally-sponsored rural self-emeployment scheme as a National Rural Livelihood Mission (NRLM) given past experiences, shortcomings pointed out by research studies and recommendations by various committees. Home Minister P. Chidmabaram said that NRLM will function in a mission mode for target-based delivery of outcomes. It will follow a demand driven approach which would allow the states to formulate...
More »World Bank loan to boost Indian microfinance
The government on Tuesday approved a a proposal to draw a loan of $100 million (about Rs 450 crore) from the World Bank to promote microfinance in the country. The Cabinet Committee on Economic Affairs (CCEA) cleared the proposal for on-lending to the Small Industries Development Bank of India (Sidbi), which -- in turn -- would disburse the funds to the microfinance sector. “The fund will be used to promote responsible and...
More »Centre raises MSP for many rabi crops
The UPA government on Thursday raised the minimum support price (MSP) for most rabi crops, encouraging the sowing exercise under way. Aiming at making up the loss in kharif production due to delayed and poor rainfall, the Cabinet Committee on Economic Affairs (CCEA), presided over by Prime Minister Manmohan Singh, raised the minimum support price of wheat to be marketed in 2010-11 by Rs. 20 to Rs.1,100 per quintal. This year, the...
More »New data system reveals yearly food inflation at 13.39 per cent by Ashok Dasgupta
In a more realistic and less confusing picture of the situation, the new wholesale price data monitoring system introduced on Thursday revealed that inflation of food articles soared by 13.39 per cent year-on-year during the week ended October 24, mainly owing to a surge in potato and onion prices, even as inflation for primary articles declined by 0.11 per cent on a weekly basis. As per the new data collation system,...
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