Corruption and inflation, the bugbears of UPA-2, dominated discussions Congress functionaries held with finance minister Pranab Mukherjee amid expectations from the party that a populist Budget would help check the negative tide against the Centre. Party leaders are hoping specifically for income tax relief for the middle class and concessions for rural populace as the budgetary antidote to the negativity post-2G spectrum scam. Mukherjee assured his party that prices would come down...
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Thomas food bill push by Radhika Ramaseshan
New food minister K.V. Thomas has set the ball rolling on the food security bill, a top priority for the Sonia Gandhi-led National Advisory Council (NAC). Thomas, who last month replaced Sharad Pawar as minister in charge of the department, met council members Harsh Mander and N.C. Saxena on Thursday to discuss the bill. The minister’s push is being seen as an indication that Sonia’s team may get its way against objections...
More »GoM on corruption to meet today by Smita Gupta
On Monday evening, when the Group of Ministers (GoM) on corruption, headed by Union Finance Minister Pranab Mukherjee, meets, it is likely to decide to make a recommendation to the United Progressive Alliance (UPA) government to end all discretionary powers enjoyed by Ministers, informed sources have said. This comes in the wake of the Department of Personnel and Training (DoPT) submitting to the GoM a list of 38 departments in the...
More »Govt bites the bullet on subsidies by Sanjiv Shankaran
In a reformist move long recommended by various economists and panels, the government has set up a task force to create a way to directly transfer cash to the ultimate beneficiaries of various subsidy schemes, which are, at best, messy and, at worst, ineffective. The task force will be headed by Nandan Nilekani, chairman of the Unique Identification Authority of India. A pilot will be rolled out in the next four...
More »NAC: PM's panel got its economics wrong by Nitin Sethi
The Prime Minister-appointed Rangarajan Committee reviewing the draft food security bill has got its economics and logic wrong, a majority of members on the National Advisory Council has said as part of a draft report. Ready to take on the PMO, the council is nearing finalization of the report that will point out errors in the Rangarajan report and defend the NAC's food security bill. The rebuttal is bound to...
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