Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...
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Govt to make poverty line more realistic
-The Times of India Facing a political storm over its poverty line prescription, the government decided to revise the Rs 32 a day expenditure criteria for urban population (Rs 26 for rural) by factoring in the 2009-10 National Sample Survey Organization report on household spend. The pittance outlined in the Planning Commission affidavit before the Supreme Court left the government squirming as the BJP and Left attacked it for framing poverty guidelines...
More »Aruna Roy flays new BPL norms
-The Times of India National Advisory Council (NAC) member Aruna Roy lashed out at the Planning Commission's new criteria for poverty line submitted to the Supreme Court on Tuesday. "This affidavit reflects the government's deep lack of empathy for the poor and a perspective completely divorced from reality," she said. Roy was reacting to the Plan panel's submission to the Supreme Court, saying if a person's spending exceeds Rs 32 a day in...
More »Ramesh clears rural roads plan for Bihar by Ruhi Tewari
Union minister for rural development Jairam Ramesh approved a plan to build a network of roads in rural Bihar under the ministry’s Pradhan Mantri Gram Sadak Yojana, clearing some of the hurdles that were holding up the construction. The ministry’s empowered panel on the rural road programme cleared the revised “core network” of roads for Bihar on 14 September. The core network includes all rural roads necessary to provide basic access to...
More »Will Jairam Ramesh's new plan fix NREGA? by Sreelatha Menon
The new rural development minister wants to use technology to force states to make payments. Critics suggest that he should fix existing problems first. Jairam Ramesh is not afraid of stirring things up. Sixty days into his stint as the new Rural Development Minister, Ramesh, he has unveiled what he calls NREGA 2.0, a reform package that he feels would make the Rs 40,000 crore programme actually work. Ramesh has put together...
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