-The Business Standard The new grain pricing policy for 2012-13 rabi marketing season seems a half-hearted attempt to make farmers grow more oilseeds and pulses, which are in short supply. This is apparent from a hefty hike of Rs 650 to Rs 700 a quintal, or around 35 per cent, in the minimum support prices (MSPs) of oilseeds and pulses and a relatively modest increase of Rs 115, or 10 per...
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Now, open bank a/c with other states’ identity proof by Sidhartha
The government has asked banks to accept identity proofs issued in other states as valid documents for opening no-frills bank accounts, in a move that will help millions of migrant workers, including domestic helps and drivers, access banking services. At a specially convened meeting to push the financial inclusion agenda, the finance ministry asked bankers to accept the identity proofs and use their branch network in other states to verify the...
More »Putting Growth In Its Place by Jean Dreze and Amartya Sen
It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...
More »Rice procurement at 9.04 million tonnes in kharif 2011-12
-PTI Rice procurement stood at 9.04 million tonnes in the current kharif marketing season (October-September) so far. According to the official data, 90,46,356 tonnes of rice has been procured by various Government Agencies by November 4, 2011. Punjab has procured 69,56,290 tonnes, while Haryana and Tamil Nadu have procured 18,09,194 tonnes and 1,76,486 tonnes, respectively in the 2011-12 kharif season so far. Food Corporation of India (FCI), government's nodal procurement agency, along with other...
More »Black money: I-T department to probe 2,000 Indian accounts in Denmark, Finland by Pradeep Thakur
Even as the details given by France on Swiss bank accounts of Indians continue to cause ripples back home, Denmark and Finland have passed information about another 2,000 bank accounts to India, prompting the I-T department to launch an investigation. Sources said the I-T department's Directorate of Criminal Investigation (DCI) has been asked to probe these accounts. This is the third instance when foreign countries have shared details with Delhi about Indian...
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