Pawan Goenka noticed something unusual last year—tractor sales were climbing even though India had its worst monsoon in more than three decades and farm output dropped 2.8% in the three months to December last fiscal. The umbilical cord that tied rainfall patterns and tractor sales seemed to have been ruptured. The president of auto and tractor maker Mahindra and Mahindra Ltd offers an interesting explanation to this puzzle: growing labour shortages...
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CAG slams 25 top Delhi's private schools by Akshaya Mukul
Delhi's private schools had complained that they were reeling under the burden of having to pay teachers higher salaries recommended by the 6th Pay Commission. A report by the Comptroller and Auditor General (CAG), however, said they used the Pay Commission as an alibi to fatten themselves. In a damning indictment, the auditor held that 25 elite private schools passed on the burden of implementing the recommendations of the 6th Pay...
More »Experts group examines NAC recommendations on Bill by Gargi Parsai
Food Ministry asked how it proposed to reform PDS to plug leakages “Present procurement of foodgrains is between 50 and 55 million tonnes” In the first meeting on Friday of the experts group set up by Prime Minister Manmohan Singh to examine the recommendations of the National Advisory Council (NAC) on the proposed National Food Security Bill, senior officials were asked to come up with firm calculations. Chairman of the Prime Minister's Economic...
More »Each Unique ID number costs Rs.100: Nilekani
It costs the Unique Identification Authority of India (UIDAI) Rs.100 to generate each 'aadhaar' number, which will help address the challenges of inclusion, the authority's chief Nandan Nilekani, said here Thursday. It costs the authority Rs.50 to enrol each individual for the Unique ID (UID) and another Rs.50 on back-end costs, he said. In his address at the annual Rajinder Mathur Memorial Lecture here, Nilekani said that the aadhaar number will help...
More »Rangarajan panel to examine NAC suggestions on food bill tomorrow by Gargi Parsai
The experts group, chaired by chief of the Prime Minister's Economic Advisory Council C. Rangarajan, set up by Prime Minister Manmohan Singh to examine the recommendations of the National Advisory Council (NAC) on the proposed National Food Security Bill, will hold its first meeting here on Friday. Even as the NAC is formulating the draft Bill, the experts group will examine the proposals and come up with its suggestions. A meeting of...
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