-PTI NEW DELHI: The World Bank usually tames wild economies and helps countries stabilize their fluctuating Finances, but in a global first, the banker for the world has gone to a zoo that too in India! This is a new addition in the portfolio of the bank as part of its ever-expanding work on urban regeneration. A zoo is nothing but a bank of captive animals. In a novel initiative, the World...
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Fuel prices: ‘Government giving a penny, extracting a pound’
-PTI "The government, going by the price it is paying for international crude oil, should be selling petrol at Rs. 19.40 per litre instead of Rs. 59.03 per litre." Congress on Friday reacted sharply to the government’s handling of petrol and diesel prices accusing it of “giving a penny and extracting a pound” and attacked the Prime Minister for “playing a cruel and diabolic game with the people of the country.” “The government,...
More »Union Budget likely on February 29
-The Hindu The government aims to sustain high growth and is likely to incorporate a 3-year road map. The NDA Government will present Budget 2016-17 in Parliament on February 29, Minister of State for Finance Jayant Sinha said on Thursday. The Government aims to sustain high growth and may incorporate a two-three year roadmap for economic policies, he said. “We are working hard on Budget that will be presented on February 29 and that...
More »Flagship scheme MGNREGA: Sustainability of a turnaround - Shalini Nair
-The Indian Express A renewed funding squeeze may undermine MGNREGA’s recent revival, fear civil society activists. The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme which guarantees 100 days of wage employment per year to rural households, may have staged a revival in the last two quarters after showing a declining trend in person-days generation during the first year of the Narendra Modi government. But the turnaround could well be temporary,...
More »Social sector asks Jaitley to review subsidy alternatives -TCA Sharad Raghavan
-The Hindu Several instances of in-kind transfers being successfully implemented. Social sector groups want Finance Minister to review the implementation of alternative subsidy systems before going ahead with Direct Benefit Transfer (DBT). “There have been several instances of in-kind transfers being successfully implemented in various parts of the country. Our appeal to the Finance Minister was to look at all the successful examples of alternative schemes before the government pushes ahead with the...
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