-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...
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Digging up the dirt-Madhav Gadgil
-The Hindu Mining companies have received favourable impact assessments even as they do great damage to the environment because regulators are willing to look the other way Last week, world leaders concerned about economic development got together at the International Monetary Fund, and gave a series of most instructive interviews. Our Finance Minister, P. Chidambaram, said that his problem was the slowing down of India's economic growth and reduction in government revenues....
More »Maize thrown to cattle as feed -M Balaganessin
-The Hindu Crop in 10,000 ha damaged due to poor rainfall and lack of irrigational facility PERAMBALUR: Maize cultivated in about 10,000 hectares in the district, especially in Veppanthatti taluk, has withered away due to failure of monsoon and absence of irrigational facility. As the 120-day duration crop, raised during the Adi Pattam, has suffered damage even before reaching the flowering stage, farmers are forced to use it as feed for livestock. Pinning...
More »Rahul Gandhi trashes ordinance, shames government
-The Times of India NEW DELHI: Rahul Gandhi on Friday announced his emergence as the new Congress boss rejecting as "complete nonsense" the ordinance to save convicted legislators from disqualification. In a powerful intervention he sealed the fate of the contentious legislation, embarrassed PM Manmohan Singh hours before his meeting with Barack Obama in Washington DC and publicly rebuked the party old guard. "I'll tell you what my opinion on the ordinance...
More »Rajan panel wasn't unanimous in framing underdevelopment index
-The Business Standard Panel member questioned the choice of sub-components There is some consolation for Bharatiya Janata Party's prime ministerial candidate and Gujarat Chief Minister Narendra Modi: Not everyone in a panel headed by Reserve Bank of India Governor and former chief economic advisor Raghuram Rajan had favoured the inclusion of Gujarat in the list of less developed states. Economist and social scientist Shaibal Gupta, a member of the panel, had dissented and...
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