Poor allocation of funds to key social sectors shows the government’s lacklustre approach to inclusive growth. We are reaching the end of a remarkable fiscal year,” said the finance minister as he rose to present the Union Budget 2011-12. Agreeing with the government that the year gone by presented us with several opportunities and challenges to address critical concerns pertaining to the social sector, the overall sense is that this Budget,...

Recommends guidelines to be issued by Tribal Affairs Ministry The National Advisory Council (NAC) has drawn up detailed operational guidelines, which it has recommended that the Union Tribal Affairs Ministry issue to the States for strengthening the Forest Rights Act (FRA). These guidelines can be issued under Section 12 of the FRA. One, the gram sabhas that are called for enquiry and verification of claims should be convened at the level of...

Policy reforms required to bring about better convergence of schemes Streamlining of environment clearance for infrastructure projects suggested Higher farm sector share in economic development needed The Economic Survey 2010-11 has advised the government to carry out nearly a dozen reforms pertaining to various sectors of the economy and stressed that action in this regard would be necessary to achieve the 9 per cent GDP (gross domestic product) expansion projected for 2011-12 and...

Adolescent girls face nutritional problems than boys of that age: report Having more than 243 million adolescents – the highest in the world – the key challenge that India faces is ensuring the nutritional, health and educational needs of this population, particularly girls. Over the past two decades, rapid economic growth – with real gross domestic product averaging 4.8 per cent between 1990 and 2009 – has lifted millions out of...

Take a host of initiatives to ramp up presence in rural markets. With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year. “We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,” said S Chakrabarthy, deputy managing director, Axis Bank. According to the Trend and...