The NAC lies defanged; the markets leap for joy at Manmohan’s & Co’s charge of a ‘new’ economy How swiftly things change. Just a month ago, the great Indian growth story was being written off. Now, the “new economy”, run by the PM-cum-FM, will sift through the rubble of under-seven per cent growth, find the hidden springs of recovery and throw in some reforms for good measure. A top taxman says...
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No One Killed Agriculture
-Inclusion.in There is good news. And there’s bad news. The good news first. There’s been a bumper wheat crop and the granaries are overflowing. And the bad news? Where do we begin? A lot of that grain will rot. Millions will still remain hungry. Heavily in debt and distressed, farmers are committing suicide. Food prices are soaring. There’s more… Farmers don’t have money. Their land is too small and isn’t yielding much. Fertilisers and...
More »NAC to hardsell ‘success’-Radhika Ramaseshan
-The Telegraph The National Advisory Council is expected to soon release a 35-page document detailing the subjects it took up with the UPA II government and the “success” it achieved with these. The document will also outline the council’s future agenda. Sources in the council, headed by Sonia Gandhi, said the report was ready and merely needed to be ratified by all the members. The endorsement might come as early as tomorrow...
More »e-Payment must for public sector banks from July 1-Dheeraj Tiwari
The finance ministry has asked state-run banks to stop making payments to their customers through cheques from July 1 and to "migrate totally" to electronic payment channels, a move aimed at cutting costs in a sluggish economy. In a circular issued to chairmen of public sector banks and regional rural banks, the ministry said all payments to customers, staff, vendors and suppliers as well as disbursement of loans and payments towards...
More »Government's e-office plans tied in red tape, files go up in flames-Vikas Dhoot & Harsimran Julka
-The Economic Times Heaps of dusty files continue to grow in government buildings and sensitive papers are mysteriously lost, leaked or dramatically reduced to ashes in fires while the six-year-old plan to modernise and digitise governance remains tied up in what it should eliminate - red tape. The latest casualty was the Union home ministry, where a fire was reported on Sunday, days after a blaze engulfed Mumbai's Mantralaya, killing people and...
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