The Finance Ministry has turned down a proposal for doubling the number of employment days guaranteed to below poverty line people under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA). The Rural Development Ministry had proposed doubling the minimum days for employment from 100 to 200 days and also called for linking the wage rate to the annual inflation rate. “The Ministry had written to us asking for funds to...
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Food for a billion by Nitin Sethi
On Wednesday, the National Advisory Council turned UPA's election promises into firm deliverables under the National Food Security Bill. That was a tough one to resolve itself. But it's a job half done as yet. The Sonia Gandhi-led NAC is now going to get into a much more difficult arena. It has to figure out provisions for the act that hold administration and bureaucracy accountable for delivery and also ensure...
More »PDS goes smart in Haryana by Navneet Sharma
The 1,600 families in Haryana’s Panchkula district which line up at fair price shops for foodgrains and kerosene can do away with their prized ration cards, pieces of paper that entitle the poor to subsidized food and fuel. Beginning Tuesday, while they still have to queue up, these families will receive their rations after a biometric identification using smart cards. That’s a small beginning for an ambitious Rs138 crore Centrally funded project...
More »Govt slashes UIDAI budget by over 50 per cent
Troubles continue for the government's dream project Unique Identification Authority of India (UIDAI). Already battling a staff crunch, its request for Rs 7,000 crore to roll out 60 crore UID numbers in the first phase has been shot down by the Empowered Finance Committee (EFC). "The EFC is understood to have refused to entertain the request of the UIDAI for Rs 7,000 crore to execute the first phase of the ambitious...
More »Controlling Inflation by Dipankar Dasgupta
The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...
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