-The Hindu CAG’s concept of presumptive loss flawed: Chidambaram Upset at the “unreasonable” disruption of Parliament by the BJP on the issue of allocation of coal blocks and the CAG report, the government went on the offensive on Friday, terming totally flawed the Comptroller and Auditor-General’s concept of presumptive loss and maintaiNINg that no loss took place because the coal was still unexploited. “The policy for allocation of coal blocks has been the...
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A richer approach to poverty reduction -Shailaja Fennel
-The Hindu Business Line India can learn from Brazil’s Bolsa Familia and China’s Gansu Programme to make refinements to its MGNREGA scheme. The development experiences of Brazil, China and India provide a valuable opportunity to understand the relationship between growth and distribution over periods of high rates of growth. The growth story playing out in all the three emerging economies have resulted in large regional as well as spatial inequalities, between rural and...
More »RTI activists see hope in HC order to appoint 2 more ICs-Kumar Anand
-Express India Acting on a public interest litigation (PIL) on August 14, the Gujarat High Court (HC) directed the state government to appoint two more information commissioners (IC) at the office of the state Chief Information Commissioner (CIC) to clear the piling-up secondary appeals and complaints under the Right to Information Act (RTI). This was not for the first time the HC ordered the state government to fill the vacant posts at...
More »PSU Bank Employees Go On 2-Day Strike
-PTI Employees of public sector banks have gone on two-day nationwide strike today opposing banking sector reforms and outsourcing of non-core activities, affecting operations. Several private sector banks, foreign banks and ATMs, however, continued to operate normally. The strike call was given by the United Forum of Bank Unions (UFBU), an umbrella organisation of NINe unions of employees and officers of PSU banks. They are protesting against banking sector reforms and unilateral implementation of...
More »Economy may bottom out on improving monsoon in the current quarter- Vinay Pandey
-The Economic Times The worst of drought may be behind after the near normal rains since fourth week of July, raising hopes that the economy could bottom out in the current quarter and even get a big push from a likely good Rabi harvest. The deficit in the weekly rainfall in the three weeks to August 15, the crucial sowing period in north India, has been less than 4%, almost normal rainfall. The...
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