India's finance minister announced on Monday a food security bill for 2011/12, a measure that would provide cheap grains for millions of India's poor but which has sparked worries of a huge fiscal cost. It was one of the first signs of populism in the annual budget as Prime Minister Manmohan Singh confronted high prices and corruption scandals as well as elections in five states this year. In his ongoing budget speech,...
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A guide to understanding UID number by Harshada Karnik
Urbanization comes with its share of problems. Your new job lands you in a new city and you need necessities such as a mobile connection, a broadband connection or a bank account transfer as soon as possible. Your only hope in such cases till now is maybe a letter from the employer authenticating your address. Enter UID, the unique identity project headed by Nandan Nilekani, which promises to give an acceptable...
More »Per capita income up, dependence on agriculture down by Santosh Singh
Good news for Bihar on the economic front. According to the Economic Survey 2010-11, tabled in the Legislative Assembly on Wednesday, the state’s annual per capita income doubled in five years, gross domestic product (GDP) saw a steady growth and the number of vehicles increased three fold. The annual per capita income went up to Rs 17,590 in 2009-10 against Rs 8,528 in 2004-05. The average GDP growth for the period...
More »Ready for guillotining? by Richard Mahapatra
How transparent and participatory is Pranab Babu’s budget For six months it evolves under a veil of secrecy. The Cabinet gets to see it just a few hours before it is tabled in the Lok Sabha. Such is the covert nature of the Union budget that accounts for about 50 per cent of all budgets in the country. Finance Minister Pranab Mukherjee wants to make the budget what such a public affair...
More »India Post casts you in the net, reaches home by Souvik Sanyal & Harsimran Julka
The electronic post office launched this week has brought the familiar red and grey counters to your drawing room, making tiring trips and queuing up things of the past. The website www.epostoffice.gov.in offers money order service, stamps and e-tracking of registered posts to start with. It creates a virtual post office on computer screens and leads customers to the counters. The decision to launch an electronic post office was part of the...
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