-The New Indian Express Since the merger of Telangana with Andhra state, irrigation under tanks in Telangana declined from 13,11,054 acres in 1956 to 3,89,591 acres in 2012-13. This is a decline of 9,21,463 acres or 70 per cent!! As a result, Telangana has lost production, income and employment potential of this vast acreage which could have also recharged groundwater (both from standing water in the irrigated areas as well as...
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100 million Aadhaar numbers linked to Bank Accounts: UIDAI
-Business Standard As on Dec 9, the Aadhaar Payment Bridge saw transactions crossing the 79.4 million mark across govt welfare programmes Unique Identification Authority of India (UIDAI) on Monday said the number of Aadhaar numbers that have been linked to Bank Accounts had touched 100 million, enabling these individuals to digitally receive subsidies and benefits under government schemes. It said establishing a link between an Aadhaar number and a Bank Account makes it...
More »Why no ‘Make in India’ for urea? -Sandip Sen
-The Hindu Business Line The closure of three urea producing plants in south India has led to a sharp spike in imports and subsidies In April 2014, the UPA government in its last days, cut off the lifeline of three urea plants. It gave a final push to a ten-year-old trend of replacing domestic urea production with imports. The government-owned Madras Fertilisers, and the private sector units SPIC and MCF closed down...
More »Pranab Bardhan, emeritus professor of economics at the University of California at Berkeley interviewed by Pramit Bhattacharya
-Livemint The development economist on the Modi government's initiatives and his stand on them, and MGNREGS The Narendra Modi-led government should consider replacing inefficient subsidies with a basic monthly income for all citizens, says Pranab Bardhan , emeritus professor of economics at the University of California at Berkeley. Bardhan, who recently sparred with economists Jagdish Bhagwati and Arvind Panagariya in a debate over the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS),...
More »Black money: ₹4,500 cr lying in Bank Accounts abroad, says SIT
-The Hindu Business Line Wants PAN used in payments over ₹1 lakh, cap on amount of cash a person can keep Income Tax authorities have traced about ₹4,500 crore in undisclosed money in Bank Accounts overseas, a Special Investigation Team (SIT) probing the matter said in its second report to the Supreme Court. The report, released on Friday, said investigations are pending in 33 cases involving an amount of ₹14,957.95 crore, and that...
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