Farmers, whose land was acquired at a meagre Rs. 4 per square yard in South West Delhi way back in 1955 in the name of undertaking planned development, have now seized upon the opportunity raised by the report of the Comptroller and Auditor General of India — on the loss caused to the exchequer by leasing away of some of this very land by Indira Gandhi International Airport concessionaire Delhi...
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Private firms got undue benefits of Rs 1.8L cr in 'Coalgate': CAG-Sanjay Dutta & Pradeep Thakur
The Comptroller and Auditor General's final report on allocation of coal blocks between 2004 and 2009 without auction is expected to peg the value of "undue benefits" that the government extended to private entities alone at more than Rs 1.8 lakh crore, sources have indicated. The last draft of the report, first reported by TOI on March 22, had said the government extended undue benefits of Rs 10.67 lakh crore by...
More »Hope springs a trap
-The Economist An absence of optimism plays a large role in keeping people trapped in poverty THE idea that an infusion of hope can make a big difference to the lives of wretchedly poor people sounds like something dreamed up by a well-meaning activist or a tub-thumping politician. Yet this was the central thrust of a lecture at Harvard University on May 3rd by Esther Duflo, an economist at the Massachusetts Institute...
More »Akhilesh scraps 26 of Maya’s dalit projects, funds diverted to fulfill poll promises
-The Times of India The UP government on Friday scrapped former CM Mayawati's projects for Dalits and those named after their icons. The money allocated for such projects would be diverted to fulfill poll promises like Rs 1,000 monthly allowance for unemployed youth, pension to farmers above 65 besides laptops and PC tablets for students. Sources said the attempt was to ensure that welfare schemes benefit every section of the society and not...
More »Despite falling cost of solar power generation, it will survive on subsidies
-The Economic Times The April 28, 2012, issue of The Economist has a story on India's solar power and mentions Charanka village in Patan district, Gujarat. Solar energy can be converted into electricity, using photovoltaics, or can be converted into heat. (There are other technologies too, but those aren't important yet.) So far, solar thermal, or heating, in India has essentially meant solar cookers and water heaters, though it needn't stay that...
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