-The Hindu The currencies of India, Indonesia, Brazil, South Africa and Turkey have fallen quite dramatically against the dollar in the past few months. Whatever their domestic weaknesses, the reasons for this unprecedented decline - ranging between 13 to 21 per cent - are primarily global. In the past 48 hours, as tension mounts in West Asia, an already unprecedented situation has become even more difficult. On Wednesday, the rupee, as...
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'Food security bill to cover about 3-times the number of poor'
-PTI According to Planning Commission estimates, 21.9% of the people live below the poverty line in 2011-12. The food security programme is not restricted to the poor and the population covered by it is about three times the number of people below the poverty line, Parliament was told today. 'The government has decided to cover 67 per cent of the population under Food Security Act. The proposed coverage is not restricted to the...
More »Muslims poorest among religious groups, says NSSO survey
-PTI Muslims' average per capita spending a day is Rs. 32.66, while it is Rs. 37.50 for Hindus, Rs. 51. 43 for Christians and Rs. 55.30 for Sikhs Among various religious groups, Muslims have the lowest living standard with the average per capita expenditure of just Rs. 32.66 in a day, says a government survey. At the other end of the spectrum, the Sikh community enjoys a much better lifestyle as the average...
More »Integrity of Plan expenditure doubtful, says CAG -Pradeep Thakur
-The Times of India NEW DELHI: In a report on Union government accounts tabled in Parliament last week, the comptroller and auditor general (CAG) has raised serious questions on the government's claim of its expenditure, saying the "integrity of the data provided to audit on Plan expenditure was doubtful". There is huge variation in Plan expenditure as per data maintained by different wings of the government. According to the finance accounts, the...
More »CAG slams govt on capital spending, rural job schemes
-The Financial Express Amid the government's efforts to curb fiscal deficit, the Comptroller and Auditor General (CAG) on Tuesday criticised the Centre for cutting down on capital spending, over-stating spending on centrally sponsored schemes and doling out some subsidies without obtaining Parliament approval. UPA's flagship scheme Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) also came under the scanner with the CAG questioning whether the entire amount booked for the job scheme...
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