-PTI It won't stay A.P. High Court order The Supreme Court on Monday refused to stay the Andhra Pradesh High Court order that quashed 4.5 per cent sub-quota for minorities in central educational institutions such as the IITs, and ticked off the government for the way it had handled the “complex” and “sensitive” issue. The apex court expressed its “unhappiness” that the Centre was blaming the High Court when it had itself failed...
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Government to cut its expenditure, launch austerity drive
-IANS Facing a slow-down in the economy, the government has launched an austerity drive to reduce expenditure, banned new posts and meetings in five-star hotels besides restricting foreign travel. The finance ministry, which issued the office memorandum on "Expenditure Management - Economy Measures and Rationalisation of Expenditure" Thursday also asked all ministries to reduce non-Plan expenditure by 10 percent in 2012-13. "There will be a total ban on holding of meetings and conferences...
More »Finance ministry for 10% cut in non-plan expenditure
-The Economic Times The finance ministry on Thursday announced a 10% cut in non-plan expenditure in the current fiscal as part of austerity measures aimed at containing its ballooning fiscal deficit. The Centre is aiming to bring down its fiscal deficit to 5.1% of GDP in 2012-13, from 5.76% in the previous fiscal. It also hopes to cut its subsidy bill to below 2% of GDP this year. The ministry has argued that...
More »The government needs to think out of the box to help pharma grow while keeping medicines affordable-Ramesh Adige
Having watched from the ringside for many years now, I have no doubt in advising that the steering wheel must be firmly grasped by the government and direction given to policies that should be stable for at least the medium term. This is crucial for the growth of Indian pharma, a $20-billion industry growing at an average of 12% considering both domestic and export arenas. Price control: The biggest and most...
More »JK Bank under RTI Act-Umer Maqbool
SIC Declares Bank As Public Authority; Invokes Maharaja’s Order, Appointment Of Directors, Removal Of Drabu As Grounds Srinagar, Apr 24: In a significant judgment, the State Information Commission (SIC) on Tuesday ruled that J&K Bank Limited is a Public Authority under Jammu and Kashmir Right to Information Act-2009, entitling people to seek information from the premier financial institution of the State. Announcing the decision, the full Bench of SIC comprising Chief Information...
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