Mining firms have criticised the Indian government's decision to make them pay more tax to help develop tribal areas affected by the Maoist uprising. Various trade associations have denounced the bill, under which firms will pay upto 26% extra tax on profits. The new legislation is to be introduced during the new parliamentary session which started on Monday. Maoist rebels say they are fighting for the rights of indigenous tribal people and the...
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ADB warns of bumpy road into 'Asian century'
-AFP Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...
More »Rise in migration from rural areas by Abhay Singh
Rural Bihar's mind is on the state's urbanscape that encompasses 139 statutory towns and 60 census or non-statutory towns. As a result, the state's rural population has decreased over the last one decade, resulting in a rise of the urban population. The Provisional Population Totals pertaining to the 2011 census, which were released on Friday, show that a significant segment of the state's rural population has not only been migrating...
More »'Reforms failed to bridge urban-rural divide' by Ravi Dayal
Experts at a discussion on "Two decades of economic reforms: The way forward", organized by CII, Bihar state centre, said the economic reforms had not lessened the urban-rural divide; hence rural people could not generate substantial demand in the economy, though the savings rate enhanced in the last two decades. Director, Asian Development Research Institute, P P Ghosh, said the savings rate had increased from 12% in 1951 to 35%...
More »Tardy progress by TK Rajalakshmi
The rates of maternal and infant mortality have improved only marginally, according to the latest Sample Registration System. THE country's largest demographic sample survey, covering 1.4 million households and a population of 7.01 million, during the period 2007-09, says that there was only a mild improvement in the infant mortality rate (IMR) and the maternal mortality ratio (MMR). The findings of the latest Sample Registration System (SRS), an exercise which...
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