A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...
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Bihar paradox: Phones outnumber toilets
-IANS Nearly 56 percent of families in Bihar have a mobile or landline connection, but about 77 percent of the population lack toilets, says a census report, highlighting the paradoxes in the state which has taken big leaps in development but also lagged behind in key areas. "Till 2001, only 2.2 percent families were using any kind of telecom facility in Bihar, now over half of its population owns a phone, as...
More »A welcome first -TK Rajalakshmi
Industry reacts with caution to the grant of a compulsory licence to Natco, but cancer patients welcome it and hope for many more. THE first compulsory licence (CL) issued by the Indian patent office, to the local drug manufacturer Natco Pharma Ltd to sell the generic version of Bayer AG's anti-cancer drug Nexavar, has led to varied reactions. The landmark decision has also raised concerns about the outcome of cases...
More »Debate on poverty does not alter the reality of declining poverty or strategy to combat it-PP Sangal
The Planning Commission drew flak when it calculated that if an urban person spent 28 per head every day and someone in rural areas spent 22, that was enough to consider them to be above the poverty line. These figures are based on consumption expenditure data collected in the 66th round of NSSO for 2009-10. From these new estimates, using the Tendulkar Committee methodology, the number of poor in 2009-10 was...
More »Wedding cost cap to fight dowry-Ananya Sengupta
A government panel has recommended an income-linked cap on marriage expenses as part of amendments to curb dowry harassment. “Introduction of ceilings in terms of percentage of income on gifts and marriage expenditure needs to be considered. A limit should also be put on marriage expenditure in terms of food,” the high-powered Planning Commission panel on women empowerment has said. The panel, made up of senior officials of the women and child...
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