The country's main planning body will overhaul of the system of village panchayat in the next Five-Year Plan period to improve its functioning and check siphoning of funds meant for social sector programmes.  Over 250,000 panchayats or village councils in the country collectively handle about Rs 90,000 crore in social sector funds every year, but embezzlement by village representatives often prevents the benefits of welfare schemes from reaching the needy.  To remedy...

-The Times of India   After debating the issue for over a decade, the government on Thursday threw open the multi-brand retail segment to foreign chains such as Wal-Mart, Carrefour and others in a move to attract overseas investment and dispel doubts about the coalition's ability to push through big-bang reforms.  After nearly two hours of discussion on Thursday evening, the Union Cabinet decided to allow foreign retailers to hold 51% stake in...

Two senior ministers are at loggerheads over filing of an appeal against a court order that compels the Centre to pay minimum wages to the MGNREGA workers. Apart from re-igniting the debate over statutory minimum wages and centrally decided price, the order forces the central government to pay about Rs 4,000 crore to workers under the rural job plan as arrears and R1,000 crore every year. According to sources, in a...

Social activists up in arms against proposed reforms; impact on procurement feared   The Union Government's new move to give primacy in the revised draft of the National Food Security Bill, 2011, to controversial schemes like cash transfers and issuance of food coupons to identified public distribution system beneficiaries in lieu of foodgrain entitlements has got social activists up in arms. The scheme was introduced under ‘Schedule II' in the initial draft of...

UPA’s much-publicised scheme, Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), is not creating labour shortage for agriculture and dairy production alone, but the textile and handloom sectors are also facing the heat on this count. A Working Group report on textile and handloom sectors has noted that the scheme was drawing skilled weavers to ‘unskilled’ MGNREGA. It says that high-end weavers are sticking to the profession, but low-end weavers are...