-DNA Crashing economy, lower revenue generation and less then expected tax collection will show its impact on the upcoming budget. The biggest loser is going to be the rural development ministry, which is likely to see a decline in central assistance for its welfare schemes. Rural development has been the top priority of the UPA-2. However, grim economic growth has forced finance minister P Chidambaram to cut the budget of the...
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Food for granted-Sebastian PT, N Madhavan and E Kumar Sharma
-Business Today What does the proposed food security law mean for the government's finances? Most days, around half a dozen middleaged men in Tamil Nadu's Nemam village head for a slushy pond. They are farm labourers who have had little work for the past few months because of a drought in their Tiruvarur district. As an alternative they catch fish, but the income from it is not enough to survive on. "But...
More »Under Supreme Court’s nose, conspiracy hatched to destroy 2G case-Shalini Singh
-The Hindu Tapes suggest prosecutor, accused and star witness colluded to vitiate SC directions to CBI The exposure of an apparent conspiracy between the CBI prosecutor in the 2G scam investigation, A.K. Singh, and the accused Unitech Managing Director, Sanjay Chandra, could have grave consequences since it reveals a deliberate attempt to pull the wool over the Supreme Court’s eyes under whose supervision the entire investigation and prosecution has been occurring since...
More »The Jobs Challenge: From Analysis to Action-Christopher Colford
-World Bank Blog The enormity of the global job-creation challenge is underscored in a comprehensive new analysis by the International Finance Corporation, which issued a wide-ranging Jobs Study at a recent IFC forum on the urgency of the unemployment crisis. More than 200 million people are now unemployed worldwide – with another 1.5 billion people only marginally employed, and with an additional 2 billion working-age adults neither working nor seeking a...
More »An abomination called AFSPA-Sanjoy Hazarika
-The Hindu Mr. Chidambaram has sought to blame the Army for the failure to repeal the draconian Act but the government is equally guilty as it has abdicated responsibility in the matter At an institute that is virtually owned, funded and run by the Ministry of Defence (MoD), Union Finance Minister P. Chidambaram did the unthinkable the other day. He virtually attacked the Army for refusing to review and amend the draconian...
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