-The Times of India NEW DELHI: The UPA government is expected to announce a minor increase in the outlays for social sector schemes, while leaving the overall Plan expenditure for 2014-15 around the same level as the Budget estimates for the current fiscal. In what may be seen as shunning populism for a more pragmatic fiscal plan, finance minister P Chidambaram is in fact expected to penalize several poor performers, who...
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Can higher interest rates tame India's food inflation? -Dipak Dasgupta
-The Business Standard The challenge to anti-inflation policy lies in better institutions and better evidence-based policy Our failure to rein in inflation has been costly. Economically, it has hurt growth. Poor and urban middle-class households have been affected the most. A combination of slowing growth and high inflation has weakened our macro-fundamentals: households fled financial savings, domestic and foreign investors lost confidence, and the rupee plunged. Politically, it has been a disaster. For...
More »Last ditch attempt -Jitendra
-Down to Earth UPA gives sops under MGNREGS to attract rural voters ahead of elections WITH most of its recent schemes struggling, a desperate UPA government is pinning its hopes on Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to win votes in 2014 elections. The government is overhauling the employment scheme that helped it return to power in 2009 for a reason. It touches the lives of over 55 per cent...
More »Pay of midday meal workers doubled to Rs 2,000 a month -Akshaya Mukul
-The Times of India NEW DELHI: Acceding to a long standing demand of 28 lakh cook-cum-helpers of midday meal scheme just ahead of general elections, the finance ministry has cleared the HRD ministry's proposal to double their monthly honorarium from Rs 1,000 to Rs 2,000. The decision will cost the government Rs 2,000 crore annually and benefit 28.29 lakh cook-cum-helpers across the country. More than 82% of cook-cum-helpers are women, 25% belong...
More »Blamed for ‘policy jam’, but CAG can’t monitor 60% of govt schemes -Sandeep Pai
-The Hindustan Times Facing allegations of policy paralysis, the government has often said bureaucrats are afraid to take decisions in the face of increased scrutiny by the national auditor, but HT has found that CAG doesn't have the authority to monitor more than half of the Centre's schemes and programmes. In fact, a draft bill to broaden and clarify the powers of the Comptroller and Auditor General, which has had several run-ins...
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