The year 2010 endured 950 natural disasters, 90 percent of which were weather-related and cost the global community well over 130 billion dollars. From wildfires in Brazil to record rainfall in the United States to the severe drought and famine in the Horn of Africa, it has become clear to many that quick and radical decisions need to be made about the world's future. One of the biggest advocates of this position...
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Rising wages feeding inflation, says Kaushik Basu
-The Economic Times Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages. Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country. "The reason for inflationary pressures in India is that...
More »Rural Development ministry proposes to spend Rs 2 lakh crore on rural roads, skills training by Gunjan Pradhan Sinha
The rural development ministry has drawn out a plan to spend as much as Rs 2 lakh crore on two of its major schemes — Pradhan Mantri Gram Sadak Yojana (PMGSY) and the Swarna Jayanti Gramin Swarozgar Yojana (SGSY). The ministry, however, has left it to the government and the plan panel to decide the timeline over which these funds should be spent. The plan panel has indicated that it wants...
More »Now, CAG proposes to cover all public expenditure, PPP projects by Ashwani Sharma
The Comptroller & Auditor General (CAG) of India, Vinod Rai, on Sunday said that the audit mandate should be expanded to bring all public expenditure within its purview. “There is a need for amending the audit mandate of the CAG to bring all public expenditure, including projects under Public-Private Partnership (PPP) mode, within the purview of public audit,” Rai said. The statement comes days after Rai said that the credibility of the...
More »Centre proposes to merge rural and urban health missions by Aarti Dhar
The Centre proposes to merge the National Rural Health Mission (NRHM) and the yet-to-be-launched National Urban Health Mission (NUHM) in the 13th Five-Year-Plan period. The two ambitious Missions will be separate entities in the upcoming 12th Five-Year-Plan period, after the launch of the urban health mission, but subsequently merged. In its proposals to the Planning Commission, the Ministry of Health and Family Welfare has said that the National Urban Health Mission...
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