The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...
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Getting the FDI in Retail Debate Back on Track by Mohan Guruswamy
The FDI in retail debate has apparently fully traversed the realm of reason and for it seems to have degenerated into name-calling. I had intimation of this when a diplomat who meets me from time to time asked me if I was being put up, for a price, by Indian corporate interests to stymie the entry of the big western firms like Wal-Mart and Carrefour? I can well imagine the...
More »Mining Bill needs refining by Jaideep Mishra
A new draft Bill holds much promise to augment the development delivery mechanism. It is the new mining Bill, 2011, which has specific provisions for earmarking funds for development purposes in the mineral-rich districts that happen to be the regions with high poverty ratios. Revamped mining legislation can boost transparency in the vexed sector that seems much prone to illegality, corruption and extensive fraud. Further, a well-crafted mining law can actually...
More »Strike at Maruti's Manesar unit enters sixth day
-PTI The ongoing strike at Maruti Suzuki's Manesar plant entered its sixth day today, with no production taking place at the unit, as workers continue to demand that the management take back all suspended and casual employees. The strike by workers at Suzuki Powertrain India Ltd (SPIL) and Suzuki Motorcycle India Pvt Ltd (SMIPL) in support of their colleagues at Maruti Suzuki India's (MSI) Manesar plant has worsened the situation. "The plant is...
More »Mining firms worried over documents by Muralidhara Khajane
Mining companies and political leaders in the State allegedly involved in illegal mining are growing anxious. Not only is the Lokayukta's final report to be submitted soon, but they are also worried about certain sealed documents submitted by the Central Empowered Committee (CEC) to the Forest Bench of the Supreme Court. Samaj Parivartana Samudaya (SPS) (an organisation of the National Committee for Protection of Natural Resources (NCPNR)), which has filed a...
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