-The Times of India NEW DELHI: An expert committee under chief economic advisor Raghuram Rajan has identified 10 parameters for a new Composite Development Index, whose adoption by the Centre will change the way thousands of crores are Transferred annually and can potentially set the stage for realignment of political forces in Bihar before the 2014 polls. The new index seeks to rate states on the basis of their distance from the...
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Why promotion is better than protection-Martin Ravallion
-The Indian Express To reduce poverty, India needs to concentrate on promoting healthcare and education of the poor It is sometimes argued that a country such as India, aiming to eliminate absolute poverty, should only be concerned about economic growth, and not worry about inequality. Is that right? Yes, growth is (typically) good for the poor but it is no less true that inequality is (typically) bad for the poor. There is little...
More »Direct benefit Transfer scheme for LPG to be extended to 35 more districts-Sujay Mehdudia
-The Hindu Following good response to the LPG direct benefit Transfer scheme, the Petroleum and Natural Gas Ministry on Monday decided to extend it to 35 more districts from September 1, taking the total coverage to 55 districts. The scheme had met with considerable success in the 20 districts it was launched. Under the scheme, consumers get their subsidy directly in their bank accounts. The decision to include 35 more districts would...
More »Untrained staff auditing CAG reports, Montek says -Mahendra Singh
-The Times of India NEW DELHI: With CAG reports on 2G and Coalgate scams hounding the UPA-2 regime, Planning Commission deputy chairman Montek Singh Ahluwalia on Monday said the federal auditor was not equipped to carry out performance evaluation. While the UPA had targeted CAG for "exceeding its jurisdiction" by venturing into policy domain, Ahluwalia took the fight to another level by arguing that the performance audit carried out by the auditor...
More »The goat and the GDP -Surinder Sud
-The Business Standard Demand for products from the 'poor man's cow' is rising exponentially and should be encouraged. A goat is generally potrayed as a "poor man's cow". But that seems to be an understatement. Compared to cows, goats are more hardy, multi-utility, easy-to-maintain and prolific animals that can efficiently convert low-value vegetation, tree leaves and crop residues into high value meat, milk, hide, manure and fibre, including the much sought-after Pashmina...
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