-PTI Lok Sabha members on Friday raised serious concern over the prevailing high inflation and sought government’s intervention to check price rise along with streamlining the Public Distribution System (PDS). Moving a private member’s resolution on steps to control the rise in prices of essential commodities, Mahendra Kumar Roy (CPI-M) said people are suffering because of high inflation and demanded ban on futures trading in commodities. Mr. Roy also raised the issue of...
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The feeding frenzy of kleptocracy-P Sainath
-The Hindu Since 2005-06, taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...
More »Change in food security law lets govt raise prices-Ravish Tiwari and Manoj CG
-The Indian Express Mindful of the fiscal challenge the national food security law is likely to bring, the government proposes to give itself the option of raising the price of Foodgrains three years after the law is rolled out. To ensure that the UPA’s showpiece welfare legislation is not grounded because of opposition from the states, the food ministry is set to drop the provision for setting up a National Food Commission...
More »EGoM Releases Relief Package of Rs 2,892 Cr for 7 States
-Outlook The Centre today decided to release a relief package of more than Rs 2,892 crore for seven states, including Maharashtra, to help them tackle the impact of droughts, floods and landslides faced last year. The decision was taken at the meeting of the Empowered Group of Ministers (EGoM) on drought, headed by Agriculture Minister Sharad Pawar. Briefing the media, Pawar said: "There were number of proposals from various states demanding central assistance...
More »Budgeting out adivasis: Finance minister's package falls far too short of basic needs of tribals -Brinda Karat
-The Times of India It is budget time once again. Far away from the talk of lakhs and crores of rupees echoing from Parliament to television studios, a thin adivasi teenage girl stands in a queue at her hostel, her plate in her hand, waiting for her share of the gruel that she is given for lunch every day. Her family depends on the money from the minor forest produce her...
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