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People, The Real Estate-Pragya Singh

-Outlook A new land acquisition bill readies for budget session. How will it fare? Bill Of Blights     Defines “public purpose” too broadly, allows govt to acquire land for PPPs     Less landowner consent required for PPPs than private-only projects     The bill’s compensation norms likely to face strict challenges in the courts     States have been given R&R powers but could lead to arbitrary outcomes     Doesn’t consider govt projects where compensation, R&R are neglected *** The...

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Job guarantee scheme's reach drops-Sreelatha Menon

-The Business Standard Spending, workdays generated show falling trend in many states, Centre says reasons unclear The National Rural Employment Guarantee Scheme ( NREGS) has completed seven years since its launch. And, the number of people it provides jobs to has fallen, as has the number of workdays it has been able to provide. Analysts say this is due to a shortage of funds, especially in the less performing states. The scheme,...

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Mahatma Gandhi National Rural Employment Guarantee Act has potential to bring second green revolution: Sonia Gandhi

-PTI   Congress President Sonia Gandhi today strongly pitched for utilising MNREGA to increase agricultural production, saying the flagship scheme can play a big role to usher in second green revolution in India. "I am of the belief that MNREGA has tremendous potential to increase agriculture production, which we have not been able to tap fully till date. There are many possibilities not only for creating community assets in villages but also providing...

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How To Waive Crores Goodbye -Lola Nayar and Panini Anand

-Outlook UPA’s populist trumpcard of 2008—the farm loan waiver—has fallen short of its intended target, as a CAG audit throws up The Scheme     2008 Union finance minister P. Chidambaram announces farmer debt waiver and relief scheme in budget; PM Manmohan Singh writes to beneficiaries “seeking their support”     Rs 52,275 cr Total money that was disbursed to eligible farmers across the nation as part of loan waiver scheme     Rs 50,000 The loan...

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Cabinet clears new Lokpal Bill-Liz Mathew and Anuja

-Live Mint Cabinet-approved Bill may stir up controversy after it left out a key proposal to bring CBI within its purview On the day that it approved the anti-graft Lokpal Bill, the first murmurs of dissent against finance minister P. Chidambaram’s call for expenditure cuts surfaced in the Union cabinet—over the seemingly piffling amount of `90.38 crore.   The cabinet eventually overruled the finance ministry’s objections and approved the infusion of the money for...

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