-The Hindu State's share of subsidised foodgrains will increase by 68 per cent; Centre will bear an additional subsidy of Rs. 595 crore Ranchi: On June 14, at Manika in Latehar, 180 km from Ranchi, more than 300 men and women stood in the pouring monsoon rain to record their testimonies about the functioning of public schemes in their villages as district officials listened at a public hearing organised by the Gram...
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India gets 11% surplus rainfall so far this season -Vishwas Kothari
-The Times of India PUNE: The surplus rainfall recorded by the country so far this season has come down to 11% above normal, as on Friday, from the 17% above normal recorded by end-July. The India Meteorological Department (IMD) has attributed the reduced rainfall activity to factors like a continuing absence of an offshore trough along the west coast and a weak monsoon current. "There has been rainfall in most parts of...
More »Amid slugfest with BJP, PM hints at hiking fuel prices, curbing gold imports
-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...
More »Growth slowest in four years
-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...
More »Cash transfers, contractors out -Nitin Sethi
-The Hindu Acting on Sonia's recommendations, government to bring in key official amendments to Food Security Bill The government has decided to bring in key amendments to the National Food Security Bill, removing provisions for cash transfer and role of contractors and manufacturers in the Integrated Child Development Scheme (ICDS). The decision, which came on the recommendation of UPA chairperson Sonia Gandhi, found support from the Opposition. The move comes even as the...
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