A problem of plenty is looming as by June 1, an estimated 12 million tonnes of foodgrain will have to be stored in the open in "kutcha plinths" with a bountiful Rabi harvest and procurement of 65 million tonnes of grain boosting food stocks to record levels. With states like Madhya Pradesh - apart from the wheat baskets of Punjab and Haryana - delivering bonus yields, food stocks are expected to...
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A very crooked line-Prahlad Shekhawat
It is worrying that the Tendulkar method, chosen by the Planning Commission to calculate the poverty line in its latest figures, underestimates the levels of poverty while overestimating poverty reduction. The figures show that 29.8% or 360 million Indians were poor in 2009-10 as compared to 37.2% or 400 million in 2004-05. A poor person has been defined as one who spends R28 per day in urban areas and R22.5...
More »Green bench rejects Posco’s Orissa project-Jacob P Koshy & Ruchira Singh
South Korean steel maker Posco may have to start its bid to enter India from scratch, letting six years of preparatory work go to waste. A top tribunal has cancelled environmental approvals given by the government last year for the company’s $12 billion (around Rs61,440 crore today) steel plant in Orissa and ordered that the environment ministry review the entire project afresh. The tribunal said environmental clearances have been accorded in...
More »Akhilesh Yadav becomes first UP CM to declare assets
-The Economic Times In a first for the state, newly elected Uttar Pradesh chief minister Akhilesh Yadav has publicly declared his assets worth 4.83 crore, setting the tone for his cabinet colleagues to come out and declare their net worth. Agency reports said that in the 2009 Lok Sabha elections when Akhilesh Yadav filed his nomination papers for Kannauj parliamentary seat, he had declared movable and immovable assets of more than 5.52...
More »Coalgate: CAG may stick to 'Rs 10.7 lakh crore' figure in final report; expected to soften tone
-The Economic Times The national auditor is expected to stick to its controversial estimate of Rs 10.7 lakh crore as gains accrued to companies due to allocation of coal blocks on government discretion instead of auctioning them, an official in the Comptroller and Auditor General's (CAG) office said. This is set to further embarrass the UPA government that has been mired in a series of controversies. "The report is not yet final,...
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