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5 crore people moved out of poverty: Government

-The Economic Times Data released by the Planning Commission on Monday showed that poverty had significantly declined between 2004-05 and 2009-10. The catch is that this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark that had triggered an outrage when the government submitted it to the Supreme Court.  The new estimates are based on a poverty line that averages Rs 672.8 per month...

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GEAC, experts slip on basics? by Latha Jishnu

As the biotech industry takes heart from the prime minister’s remark, a fresh report shows India’s regulation and expertise on GM crops are sloppy BUOYED by the prime minister’s remark that NGOs were responsible for the moratorium on the release of GM or Bt brinjal, the biotech industry is stepping up its campaign to get it lifted along with “all constraints in the research and development work of biotech crops”. It...

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Why this will be a reform budget-Surjit S Bhalla

Most of us don’t even get a single shot at making history — Manmohan Singh has a second chance The fiscal deficit is an outcome, not a policy. It is the net resolution of the policies pertaining to taxes and expenditure. It is worth analysing separately the two components of the deficit. The table reports the results of relating the tax and expenditure share of GDP to per capita income for...

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Congress MP B S Gnanadesikan demands surveillance of NGOs receiving foreign funds

-PTI A demand was raised in Rajya Sabha today that the Government should put in place a strong surveillance network to monitor inflow of foreign funds to NGOs besides creating a data base in the interest of national security.  "Government should establish a data base of NGOs to whom foreign contribution is increasing day by day. There are reports that funds are being utilised to fuel unrest in government projects," B S...

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NAC releases draft on social security-Anuja and Remya Nair

The Sonia Gandhi-led National Advisory Council (NAC) has released draft recommendations for a social security package for the country’s unorganized sector, which envisages providing life, disability and health cover, maternity benefits and old-age pension to workers. NAC, in a draft released on 7 March, suggested that the different welfare schemes being run by the ministries of women and child development, health and family welfare, finance and labour and employment should be...

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