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Achilles’ heel of social policy

-The Indian Express Jairam Ramesh’s criticism of NREGA highlights that a rights-based approach to poverty reduction cannot work without improving implementation The clamour for the right to social pensions is another attempt to deal with the Indian state’s inability to provide adequate social protection to its poorest citizens through targeted programmes. India’s vulnerable continue to be excluded from social safety nets. The multi-layered problems with social welfare schemes can be summarised in...

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Government to cut its expenditure, launch austerity drive

-IANS Facing a slow-down in the economy, the government has launched an austerity drive to reduce expenditure, banned new posts and meetings in five-star hotels besides restricting foreign travel. The finance ministry, which issued the office memorandum on "Expenditure Management - Economy Measures and Rationalisation of Expenditure" Thursday also asked all ministries to reduce non-Plan expenditure by 10 percent in 2012-13. "There will be a total ban on holding of meetings and conferences...

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Bihar is country's fastest growing state at 13.1% by Mahendra Kumar Singh

Bihar, which was synonymous with poverty, has emerged as the fastest growing state for the second year running, clocking a scorching 13.1% growth in 2011-12. Not just that, on the back of four years of double-digit growth, its economy is now bigger than that of Punjab—until recently the preferred destination of Bihari migrant workers. Among the top five states, Bihar is followed by Delhi and Puducherry. Mineral-rich Chhattisgarh, which many had...

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Finance ministry for 10% cut in non-plan expenditure

-The Economic Times The finance ministry on Thursday announced a 10% cut in non-plan expenditure in the current fiscal as part of austerity measures aimed at containing its ballooning fiscal deficit. The Centre is aiming to bring down its fiscal deficit to 5.1% of GDP in 2012-13, from 5.76% in the previous fiscal. It also hopes to cut its subsidy bill to below 2% of GDP this year. The ministry has argued that...

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Is MSP for 13 minor forest produce the next MGNREGS?-Smita Gupta

The Ministry of Tribal Affairs (MoTA)'s plan to introduce a Minimum Support Price (MSP) mechanism for 13 items of minor forest produce (MFP) has been approved by the Planning Commission. Sources in the Ministry told The Hindu that a detailed financial proposal would be sent to the Expenditure Finance Committee of the Finance Ministry by June 7 after which it would go to the Cabinet. Union Minister Kishore Chandra Deo, who...

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