-The Economic Times   A government-appointed committee has recommended a complete overhaul of government accounting norms with a view to enforcing transparency and better monitoring of public spending.  In its report submitted to finance minister Pranab Mukherjee, the C R Sundaramurti Committee has suggested rationalisation and reorganisation of the existing account classification of list of major and minor heads of accounts (LMMHA) of centre and states."  The proposed accounting classification structure will provide a...

In the initial months of governance by the Trinamool Congress in West Bengal, attempts appear to have been made to begin subverting the positive results of the land reform programme of the Left Front. What is happening appears to be the inevitable outcome of political rivalry, the hegemonic rule of one party giving place to another, with the citadel of power changing its colour, making the “red” one “green”. But...

India's economic growth has added over seven million new jobs every year for almost a quarter of a century. Workers have seen their wages - adjusted for prices - rise by nearly 3% a year. Poverty rates among wage workers and the self-employed have fallen. Going forward, with swelling numbers of new entrants - and more women entering the job market , as was the case during east Asia's rapid...

MPLADS funds will only be used for the material component of the projects Federal lawmakers can now use their discretionary funds to finance work taken up under the government’s flagship jobs scheme, a move aimed at creating more lasting community assets in the villages. The government has decided to converge the Member of Parliament Local Area Development Scheme (MPLADS) with the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). But MPLADS funds...

After right to education and information, citizens will soon get right to clean drinking water and sanitation. In a new draft National Water Policy, the water resources ministry has suggested that the access to safe drinking water and sanitation be regarded as a right. Around one-third of the Indians don't have access to clean drinking water and more than half of the country's population to clean sanitation. Only 42.2% people in Jharkhand and...