-Outlook Corporate karza maafi reaches new heights, social spending new lows This year's budget write-off in customs duty on gold, diamonds and jewellery (all aam aadmi items, of course) is Rs 75,592 crore. That's well over twice the "record" amount allocated to the Mahatma Gandhi National Rural Employment Guarantee Scheme. As Prof Jayati Ghosh points out, the MNREGA has given billions of person-days of work to tens of millions of poor...

-The Hindu Business Line Chennai: The Fourteenth Finance Commission has formulated its recommendations without any reference to the distinction between Plan and non-Plan outlays. This will facilitate greater attention to maintenance expenditure, and reduce incentives to boost capital works and show large-sized plans, said YV Reddy, Chairman of the Commission and former Governor of the RBI. Delivering the Raja J Chelliah Memorial Lecture at the Madras School of Economics on Monday, Reddy...

-PTI Vadodara: The farmers in the country can do away with their dependence on conventional forms of energy for operating pumps to water their fields as a private company has come up with a solar-energy operated pump, which will also reduce environment pollution. ABB India has developed a solar-powered water pump for irrigating crops with rural India facing problems in the supply of electricity and availability of diesel for operating gensets. "ABB solar...

-Business Standard The Government accords priority to the issue of nutrition, particularly in respect of children, adolescent and women of poorer sections of the society including tribal population and has been implementing several schemes/programmes of various Ministries/Departments through State Governments/UTs. These schemes, interalia, include Integrated Child Development Services (ICDS) of Ministry of Women and Child Development, National Rural Health Mission (NRHM) of Ministry of Health & Family Welfare, Mid Day Meals...

-The Hindu Business Line It provides infrastructure and a social safety net, but are there better ways of delivering both? The MGNREGA has been a subject of controversies from its inception. After much of the public dissension died down, the current government again stirred a hornet's nest by sending out what were perceived to be negative signals on this large public employment scheme. Not only has this raised political questions, it has...