Two key issues Budget-2011 is seen as having failed to address are inflation and mass hunger. Finance Minister Pranab Mukherjee announced in his budget speech that the long-promised National Food Security Bill would be moved in Parliament “during the course of this year” but failed to make any financial allocation to back up this statement. Against the backdrop of fresh warnings by experts that the outlook is grim given the...

The government has enhanced credit to the agriculture sector by Rs 1 lakh crore in the Budget but the pressure to meet the target has been showing on the bottom lines. All government banks are reporting an increase in their bad debts on farms loans ranging between 80% and 2000% in the first nine months of 2010-11. State Bank of Bikaner and Jaipur reported the highest increase in non-performing assets...

While other Nationalist Congress Party (NCP) Ministers are in the limelight for all the wrong reasons, Jayant Patil is trying to make a difference in Maharashtra. Divested of his finance portfolio which went to Deputy Chief Minister Ajit Pawar, Mr. Patil, now Rural Development Minister, has embarked on an ambitious programme of tree plantation and rural sanitation, combined with planned development of villages for the first time. In a whirlwind tour...

Union finance minister Pranab Mukherjee has been able to convey the impression that the agricultural sector was a key area of policy focus for his budget, but just about. He has chosen some good policies and programmes to boost agricultural development, but has done so in a half-hearted manner. Whether the agricultural sector actually benefits from his attention remains to be seen given that he has been niggardly in the...

The Planning Commission has shot down a proposal of the Central Information Commission (CIC) to bring private entities executing projects under the Public-Private Partnership (PPP) mode under the Right to Information (RTI) Act, arguing that it is applicable on public authority and not on private companies. "RTI is not Right to Information on private companies. It pertains to information on public authority," deputy chairman of Planning Commission, Montek Singh Ahluwalia, said...