-The Times of India HYDERABAD: The UPA government's petprogramme - the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) - may have been started with the objective of securing the livelihood of the residents of rural India by providing assured employment for 100 days in a year, but has ended up choking the entrepreneurial spirit in the hinterlands ofAndhra Pradesh. These are the findings of a study conducted by a faculty of...

-The Hindu Hyderabad: An anti-poverty project to transform the lives of ultra poor families has failed to make an impact and increase the net income of the targeted families in Medak district in the State at the end of four years. The project sponsored by the World Bank and the Ford Foundation was aimed at graduating 426 households from extreme poverty to a more stable state by enabling them establish micro-enterprises through...

-Business Today What does the proposed food security law mean for the government's finances? Most days, around half a dozen middleaged men in Tamil Nadu's Nemam village head for a slushy pond. They are farm labourers who have had little work for the past few months because of a drought in their Tiruvarur district. As an alternative they catch fish, but the income from it is not enough to survive on. "But...

-The Times of India MUMBAI: India Inc has had to wait for nearly three years for the government to roll out the rules relating to the functioning of electoral trusts. The rules have been recently notified and come into effect from January 31, 2013. The 2009 Budget had introduced provisions relating to electoral trusts in the Income-tax Act. It provided for tax exemption to electoral trusts which distribute contributions to political parties,...

-The Telegraph Even reformed capitalism cannot give equal opportunity There is a view that the real problem with capitalism is that there is no equality of opportunity under this system. Your entire life gets determined by which class you happen to get born into. If the effect of this ‘happenstance’ could somehow be eliminated, so that everyone enjoyed equality of opportunity, then even though income and wealth inequalities continued to remain...