THE NATIONAL Advisory Council ( NAC) headed by UPA chairperson Sonia Gandhi has scored its first victory — a change in the proposed Food Security Bill that raises the monthly allocation of foodgrains to the poor from 25 kg to 35 kg at Rs 3 a kilo. The draft Bill, approved by the empowered group of ministers ( EGoM) recently, had offered 25 kg of foodgrains to those below the poverty...
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Strong fourth quarter
The revised estimates of national income by the Central Statistical Organisation for 2009-10 present a generally positive picture of the economy. During the year, the economy grew by 7.4 per cent, marginally higher than the 7.2 per cent projected in February's advance estimates. A better-than-expected 8.6 per cent growth during the fourth quarter is the main reason. Industry has been a star performer. The strong performance of the crucial segments...
More »Biodiversity challenges ahead by S Balaji
The world needs to act quickly to counter the erosion of species. The task is particularly important for India, one of the 12 mega-biodiversity centres. May 22 marked the International Day for Biological Diversity. It commemorates the adoption of the Convention on Biological Diversity (CBD) that day in 1992. As of December 2009, exactly 192 countries and the European Commission were signatories to it. This year has been declared the...
More »“Inflation will be reduced to 5-6 per cent by year-end”
Projecting an 8.5 per cent economic growth for the current fiscal, Prime Minister Manmohan Singh on Monday conceded that rising prices had brought distress to the common man, but exuded confidence that the “corrective” efforts of the Centre and the States would bring down inflation to about five or six per cent by the end of December this year. At a press conference here to mark the completion of the UPA-II...
More »Plight of India's 'floating villagers' by Amarnath Tewary
More than a million people settled along the Kosi river in the Indian state of Bihar live an uncertain and nomadic life in "floating villages" because of frequent flooding. Whenever Babuji Sah walks towards his village, Birbar, he says he feels like an ageing camel struggling to find his new address in the sand-filled desert. That is because Birbar is forced to move location every three to four years. The pathways...
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