-PTI Faced with subdued revenue mop-up and rising fiscal deficit, Finance Minister Pranab Mukherjee today said he is "losing sleep" over mounting subsidy bill, which may cross Budget estimate by Rs 1 lakh crore in 2011-12. "As Finance Minister when I think of enormity of the subsidies to be provided, I lose my sleep. There is no doubt," said Mukherjee, who is engaged in the process of firming the Budget for 2012-13...
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Teesta Setalvad of Citizens for Justice and Peace interviewed by Anupama Katakam
Interview with Teesta Setalvad of Citizens for Justice and Peace. TEESTA SETALVAD, through her organisation Citizens for Justice and Peace, has been at the forefront of the fight for justice for the victims of the 2002 communal riots in Gujarat. She has also worked extensively on many other issues affecting minority communities in the State. In this interview to Frontline, she speaks about Chief Minister Narendra Modi's new tactics and the marginalisation...
More »Snakes and ladders by Amartya Sen
Like many board games that were developed in India, of which chess is perhaps the most important and famous, the game of “snakes and ladders” too emerged in this country a long time ago. With its balancing of snakes that pull you down and ladders that take you up, this game has been used again and again as a metaphor for life, telling us about our fortunes and misfortunes, and...
More »Per capita income crosses Rs 50,000
-The Times of India The per capita income of Indians for the first time crossed the Rs 50,000-mark in 2010-11, although using current prices as the barometer. According to the revised GDP data for the last financial year, per capita income is estimated to have risen 16.9% to Rs 53,331 compared to Rs 46,117 in the previous year. The $1,000-average income of Indians is seen to be illusionary in economic circles as...
More »Time to end West's farm subsidy as a condition for funding European bailouts: Swaminathan A Aiyar
-The Economic Times The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone. But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...
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