The 11th five-year plan promised the nation “inclusive growth”. It marked a departure from the earlier official position that the “benefits of growth” would automatically “trickle down” to the poor, and that if growth was not actually benefiting the poor, then the reason lay in its not being high enough. The 11th plan, by contrast, conceded that the “benefits of growth” did not automatically “trickle down”, but argued that growth...
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Govt rejects railways’ Rs 2,101cr loan plea by Mahendra Kumar Singh
At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works. Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources. Railways made the demand considering negative...
More »Bengal coal import test by Srikumar Bondyopadhyay
The power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out fast. “The stock of imported coal will exhaust by the end of this month,” said Krishna Gupta, the managing director of the West Bengal Power Development Corporation Ltd (WBPDCL), the largest electricity supplier in the state. The corporation had last year imported 1.2 million tonnes of coal from Indonesia. “We will come up...
More »Things, not people by Prabhat Patnaik
The basic problem with the Approach Paper, as with its predecessor, is that its theoretical paradigm is wrong. WHAT used to be said of the Bourbon kings of France applies equally to the Indian Planning Commission: “They learn nothing and they forget nothing.” The Approach Paper to the Twelfth Five-Year Plan gives one a sense of déjà vu. It is hardly any different from the Approach Paper to the previous Plan...
More »Bring public-pvt projects under RTI Act: CIC by Anahita Mukherji
If you are seeking information about a creaking flyover or inflated electricity Tariffs under the Right to Information (RTI) Act, what are the chances that your queries will be answered? That may well depend on whether the service or utility is provided by a public body or a public-private partnership (PPP). While the central information commission treats PPPs as public bodies that should come under the RTI; many have wriggled...
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