The agitation against the Kudankulam nuclear power plant can be seen as a case of activism gone berserk. The high-octane drama against the Kudankulam Nuclear Power Project (KKNPP) in Tamil Nadu has wound down. The seven-month-long agitation led by the People's Movement Against Nuclear Energy (PMANE) at Idinthakarai village in Tirunelveli district, demanding the closure of the ready-to-be commissioned project, ended on March 27 when S.P. Udayakumar, PMANE convener, called off...
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Kerosene subsidy damper
-The Telegraph Bengal has rejected a central proposal for direct subsidies to kerosene consumers, fearing the users could spend the funds on other items and prompt Delhi to allot Bengal less of the fuel. “This system is not going to help the consumers. We cannot accept it,” state food and civil supplies minister Jyotipriya Mullick said. Under the scheme, Bank Accounts would be opened for the consumers buying kerosene through the PDS. The...
More »Centre's new plan to delay fertiliser subsidy phaseout-Rituraj Tiwari & M Rajshekhar
UPA-II's plans to replace the existing fertiliser subsidy regime with direct cash transfers to farmers will be delayed as the fertiliser ministry is likely to scrap an intermediate phase where the subsidy was to be rerouted from companies to retailers this summer. This puts paid to the fertilizer industry's expectation that very soon it would be out of the subsidy mechanism which locks up precious working capital. "We are rethinking the original...
More »Govt may amend Act to make Aadhaar data valid ID proof-Remya Nair & Surabhi Agarwal
Move could save banks significant money spent on record-checking and documentation In what could usher in an era of paper-less, real-time authentication, the finance ministry is looking into allowing online Aadhaar authentication as a valid proof of identity for opening Bank Accounts. The ministry is considering an amendment to the Prevention of Money Laundering Act, or PMLA, to recognize online Aadhaar data to satisfy know-your-customer (KYC) requirements. This will pave the way for...
More »Strong India, China growth reduces world poverty
-IANS The percentage of people living in extreme poverty declined from 52% in 1981 to 22% in 2008 thanks to strong economic growth in the emerging markets of India, Brazil and China, according to a new report. This means that the Millennium Development Goal of cutting extreme poverty in half by 2015 has already been met, US think tank Hudson Institute's Centre for Global Prosperity's (CGP) annual Index of Global Philanthropy and...
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