-The Economic Times NEW DELHI: A study commissioned by the Planning Commission to validate the growth estimates of the Twelfth Five-Year Plan has thrown up a rather depressing outlook for the economy, sending alarm bells ringing in the government. An independent think tank, the National Council for Applied Economic Research (NCAER), has pegged average annual growth for the Twelfth Plan at a mere 4.8%, if the present logjam in policymaking continues. The NCAER...
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India lost foodgrain worth Rs. 45 cr in 5 years -Harinder Baweja
-The Hindustan Times The Centre, it seems, might again be required to go in a damage control mode and account for the loss of Rs. 45 crore worth of foodgrain in the past five years. The data was accessed by Hindustan Times through Right to Information. And as per our calculation, the grains, damaged mostly during handling and storage, could have fed at least 250,000 people per year. The government had earlier admitted...
More »498 Indians hold offshore A/Cs in tax havens
-The Times of India NEW DELHI: A database of one lakh offshore entities in tax havens owned by, among others, 498 Indians with addresses in upscale enclaves in major cities, generated a huge buzz on Saturday with agencies expected to try and decipher the disclosures. The last tranche of disclosures came out in April, among them were names of industrialists Vijay Mallya and Ravikant Ruia and Congress MP Vivekanand Gaddam, although nothing...
More »A case of misplaced euphoria -Vani S Kulkarni and Raghav Gaiha
-The Hindu In spite of the rosy picture painted by the World Bank, the prospect of eliminating extreme poverty remains distant In a protracted period of gloom and persistent recession with feeble signs of recovery in a large part of the developed world, the World Bank, Brookings Institution and others can be forgiven for their euphoria over the accomplishment of a key Millennium Development Goal (MDG) - of halving extreme poverty in...
More »Six people who pulled strategic levers to open up political parties' finances -Soma Banerjee
-The Economic Times If India is now debating opening the books and operations of political parties to the public, it's because of these six people who pulled strategic levers and applied relentless pressure. Soma Banerjee traces a four-year effort that converted intent to action Balwant Singh Khera, a politician from Hoshiarpur in Punjab, is not a name that will strike a chord in mainstream politics or social discourse today. It might in...
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