-The Indian Express Setting up women-only banks overlooks the reasons for their exclusion The women-only bank mentioned in the finance minister's budget speech is like flowers and chocolates — a sweet thought but just as unsubstantial. Financial exclusion of women is a real problem. It deserves far greater effort than sops like a women-only bank. Such a bank also runs counter to the logic of mainstreaming, rather than ghettoising, gender issues. It is...
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Bihar tops in per capita income growth ranking-Manas Chakravarty
-Live Mint The top 15 fastest growing states with a net state domestic product at constant (2004-05) prices for fiscal 2011-12 Should the country emulate the Nitish Kumar model of development? Or a Shivraj Singh Chauhan or a Oommen Chandy model? Going by the growth in per capita income, why not have a Maharashtra or Prithiviraj Chavan growth model? The chart shows the growth in per capita net state domestic product at...
More »An opportunity missed-CP Chandrasekhar
-The Hindu “The purpose of a Budget – and the job of a Finance Minister,” P. Chidambaram declared in his speech, “is to create the economic space and find the resources to achieve the socio economic objectives.” Now that the presentation of and the spate of initial responses to the budget are behind us, it may be appropriate to ask how far the Minister went in accomplishing his self-defined task. Mr. Chidambaram...
More »Budget 2013: Super rich to pay more but no changes in income tax rates or slabs
-CNN-IBN Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with...
More »Economic Survey 2012-13 highlights
-IANS Highlights of the Economic Survey 2012-13 tabled in parliament by Finance Minister P. Chidambaram Wednesday. * GDP growth to remain between 6.1 percent to 6.7 percent in 2013-14 * WPI inflation to moderate in the range of 6.2 percent to 6.6 percent * Economy estimated to grow at 5 percent in 2012-13 after growing by 6.2 percent in previous year * Poor show of services sector contributed significantly to slowdown * Global as well as...
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