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Budget 2011: Pranab focuses on social sector

Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said that the development needs to be more inclusive while announcing increased outlay on social sector schemes. "Total food inflation is down from 20.2 per cent last year to 9.3 per cent...

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Pranab shifts focus to Bharat Nirman by K Balchand

Shifting the focus away from the Mahatma Gandhi National Rural Employment Guarantee Act, the Union Budget has sought to give greater thrust to it other flagship programme Bharat Nirman, covering six sectors, by allocating an additional Rs. 10,000 crore for 2011-12 to provide rural broadband connectivity to all the 2.5 lakh panchayats within the next three years. Finance Minister Pranab Mukherjee has made a total allocation of Rs. 58,000 crore, marking...

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The cash option by Jayati Ghosh

Cash transfers, the latest global development fashion, involve several risks in India, not least the risk of forgetting the need for continuing structural change. WHEN I was growing up, several decades ago, middle-class society in India was always a little delayed in catching on to Western fashions whether in music or dress or in other aspects. The past decades of globalisation seemed to have changed all that. Modern communications technology...

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Many sops for farmers in BSY’s ‘agriculture budget’ by Johnson TA

The B S Yeddyurappa government rolled out a whole new slew of populist schemes in its 2011-12 revenue surplus Budget on Thursday, targeting an increase in the number of ‘direct beneficiaries’, especially in the agriculture sector. New schemes announced in Yeddyurappa’s Budget include a provision of Rs 10,000 each to 10 lakh small farmers in dry lands, reduction of interest rates on co-operative bank loans from three to one per...

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CIC has a pendency of more than 15, 000 appeals & complaints

With a pendency of more than 15, 000 appeals and complaints, the central information commission (CIC) has launched a special drive to dispose of appeals and complaints which are pending for more than 3 months. S V Narayanasamy, minister of state in the ministry of personnel, public grievances and Pensions informed this on Thursday as a written reply to a question in the Rajya Sabha. The minister added that the average monthly...

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