-The Economic Times NEW DELHI: Prime Minister Manmohan Singh's drive to revive investor sentiment by fast-tracking large stalled projects through the Cabinet Committee on Investments (CCI) and a special cell under it is encouraging Indian companies as well as big foreign investors such as Shell, Cairn India and Dell to knock on the government's door for urgent help. Over 250 projects worth Rs 11 lakh crore are now being considered by the...
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CAG pulls up HRD Ministry on Aakash tablet project
-PTI CAG today slammed the HRD Ministry for the shortcomings in the Aakash tablet project, raising questions over "arbitrary" selection of IIT, Rajasthan to launch the scheme without carrying out an assessment of its capacity to undertake the work. In its report tabled in Parliament, the government auditor observed that IITR had told the Ministry that around 90 per cent of the tablets supplied by Datawind between August and November 2011 were...
More »Raj govt provided Rs 1,305 cr for Panchayats, ULBs during FY 13
-PTI This is to make these bodies self-reliant and empowered with more rights to make inclusive growth in future Jaipur: Empowering elected bodies right from the grass root level on the recommendations of State Finance Commission (SFC), the Government of Rajasthan had made available a sum of Rs 1305.55 crore under "devolution of funds" to Panchayati Raj Institutions (PRIs) and Urban Local Bodies (ULBs) during 2012-13 for their inclusive growth. ...
More »Gas-guzzling government talks austerity, burns crores -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: While ministers toy with all kinds of ideas to curb consumption of oil, including bizarre ones such as shutting down petrol pumps at night, it might help if they looked inwards. For, the biggest and most profligate oil consumer in the country is the government itself. Petrol flows like water in the government. Not just ministers and officials of the central and state governments, even PSUs...
More »Correct costs of the Food Security Bill-Bharat Ramaswami, Milind Murugkar and Ashok Kotwal
-The Financial Express Food Security Bill will raise the subsidy burden by 18%. The debate should be about the rise in costs of households due to leakages in PDS and price hike of other nutritious food items, and how these costs can be minimised by DBT In a recent article, Surjit Bhalla ("Manmonia's FSB: 3% of GDP", July 6, Financial Express-http://goo.gl/qoIbd3) has asserted that the Food Security Bill will cost 3% of...
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