In a move that could benefit more than 62 lakh school teachers in government, municipal and private unaided schools, the Centre plans to provide them with life insurance and health insurance at highly subsidized rates. The HRD ministry has already held detailed discussions with LIC, with the public sector insurance giant coming up with an "indicative scheme" with two components. The first component on life insurance would be available for...

The Human Resource Development Ministry has refuted allegations of misuse of grants provided by the U.K. Department for International Development (DFID) for the Sarva Shiksha Abhiyan (SSA), as reported in the media. In a statement issued here, the Ministry said expenditure under the SSA was incurred as per well-defined norms articulated in the SSA Framework of Implementation and the Manual of Financial Management and Procurement. Up to 6 per cent of...

The Right to Education, in effect since April 1, is set to cost the Centre a staggering 2,31,000 crore over the next five years according to fresh estimates. Previous estimates drawn up by National University of Education Planning & Administration (NUEPA) — the basis of financial planning for the RTE’s provisions so far — had pegged the requirement at Rs 1,71,000 crore. In a note submitted to the Expenditure Finance...

In normal circumstances, E. Altrin, a fisherman from Rameswaram, would have sold the juvenile lobsters, each weighing 50 gm, in the market after the catch. That is no longer the case. Nowadays, whenever he gets the juveniles he shifts them to the floating cage in the sea. “After four months in the cages, these juveniles grow in size and weigh 200 gm. If I sell the juveniles I will get only...

India's anxiety over erratic monsoon rains will become more acute as rising incomes and a growing population push up demand for farmed produce faster than supply, turning the nation into a major importer within 5 years. Forecasts of a normal monsoon this year have stirred hopes for smooth supplies and low inflation, reversing setbacks from last year's poor rains. But the country must boost yields if it is to feed...