-PTI NEW DELHI: Finance Ministry today agreed to dole out a record Rs 100,000 crore towards diesel and cooking fuel subsidy in 2012-13 but wants pricing formula to be changed from current year to cut down the outgo. Finance Ministry, which had previously given out cash subsidy of Rs 55,000 crore, agreed to give Rs 40,000-45,000 crore more to cover for unmet revenue losses on fuel sale in the fiscal year ending...
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Girls interrupted -Charan Singh
-The Hindu Business Line It requires a change in mindset to reverse declining sex ratios. The state-wise child sex ratio (number of females per 1000 males in 0-6 years age group) in India during 2001-2011 declined except in Himachal Pradesh, Punjab, Haryana, Mizoram, Gujarat, and Tamil Nadu (see table). Interestingly, these are the same states that had recorded a significant fall in child sex ratio during 1991-2001. Adverse child sex ratio can have...
More »Age of graft -CP Chandrasekhar
-Frontline Corruption tends to be greater in periods when there is a state-engineered redistribution of wealth in favour of a few at the explicit or implicit expense of the many. Liberalisation is one such period. IT cannot be verified and may not be true. But, the view that the record of graft and corruption during the two-term, nine-year rule of the United Progressive Alliance (UPA) is the worst in India's post-Independence...
More »Govt forms GoM to insulate CBI from external influence- Sahil Makkar
-Live Mint The GoM findings, draft will be submitted to the Supreme Court before 10 July Taking a cue from last week's adverse comments by the Supreme Court, Prime Minister Manmohan Singh constituted a group of ministers (GoM) to draft a law that will eventually seek to insulate the Central Bureau of Investigation (CBI) from political influence. Finance minister P. Chidambaram, external affairs minister Salman Khurshid, law minister Kapil Sibal and minister of...
More »Here's why Food Bill will cost more than we think-Prachi Mishra
-The Economic Times The revised, but not yet passed, National Food Security Bill (NFSB) represents a crucial political-economic approach to welfare. But how well do we understand the financial and, more importantly, distributional consequences of the revised Bill? Although the revised Bill is likely to simplify the identification of beneficiaries, financial implications will still be substantial. Calculating these implications must include not only the cost of food subsidy, but also additional costs...
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