The CPM’s top leadership has advised comrades in poll-bound Bengal to focus on corruption and price rise and how the Centre was playing with the “livelihood of the poor” but warned against targeting Mamata Banerjee personally. “Too much attack” on the rival could prove counterproductive, a top leader said. The decision to concentrate on graft and price rise came as the CPM politburo and central committee met in New Delhi today. Sources...
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High inflation needn't be cost of growth by Subodh Varma
Is price rise going to be a permanent fixture because of India's high growth rate? This appears to be the argument put forward by the government's top economic advisers in the recently issued Economic Survey. It argues that historical experience shows that consumer prices increase faster in countries going through a fast growth phase compared to those with slower growth rates. But analysing inflation and growth data collected by the International...
More »Development not at the cost of ecology: Jairam by Manas Dasgupta
Agitations show people don't want blind development Launches research centre on marine bio-diversity Minister of State for Environment and Forests Jairam Ramesh on Wednesday criticised the country's “blind development plans” at the cost of ecological balance. “I am not against development but it should not be at the cost of our environment. We are presently following development plans blindly which can only lead to damage of the environment with ultimate impact on the...
More »We have an employability problem by Milind Deora
Three ostensibly disparate recent events have left me pondering about a lurking common thread among them: the Egypt uprising, PM’s appointment of a Cabinet-rank advisor for skills development and the fifth anniversary of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). What could be common among unrest in the Arab world, a seemingly inconspicuous government appointment and a fifth anniversary of a social welfare programme? The answer is youth,...
More »Funds for social schemes seem to be vanishing
In his general budget for 2011-12, finance minister Pranab Mukherjee has announced an increase in allocation for the Mahatama Gandhi National Rural Employment Guarantee Act (NREGA) of Rs10,000 crore to Rs58,000 crore.The finance minister has proposed an identical hike for the Bharat Nirman scheme, and also proposed to give Rs3000 core to the national agricultural development board, NABARD.Mukherjee also said the government has decided to index the wage rates notified...
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