-Outlook Don’t blame globalization for inequality – but rather policies hijacked by a few Economic globalization in the sense of expansion of foreign trade and investment is, of course, somewhat anaemic, reflecting the impact of global recession, although still vigorous in the sense of continuous international transmission of technology, information, ideas and social media. But in the world of politics and policymaking a cold wind is blowing, dimming earlier enthusiasm for global...
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Akhilesh waives Rs 1,650 crore farm loans on dad Mulayam's birthday
-The Times of India LUCKNOW: A cash-strapped Uttar Pradesh government wrote off loans worth Rs 1,650 crore to farmers on Samajwadi Party chief Mulayam Singh Yadav's 74th birthday on Thursday, fulfilling an election promise that is bound to further deplete the state's already dwindling coffers. Chief minister Akhilesh Yadav said 7.2 lakh farmers, who've taken loans of up to Rs 50,000 from rural cooperative banks, will benefit from the waiver. "Farmers who've...
More »Akhilesh Yadav government waives loans of lakhs of farmers -Ashish Mukherjee
-NDTV Lucknow: Lakhs of farmers in Uttar Pradesh who took loans worth Rs. 50,000 or more and have returned 10 per cent of the amount got a big surprise today, with Chief Minister Akhilesh Yadav waiving their loans. The state government said the decision will benefit approximately 7.20 lakh farmers. But the scheme but comes with a rider. It will apply to only those farmers who took the loan by mortgaging property. Such...
More »Odisha Opposes Direct Cash Transfers to Backward Areas
-Outlook An Odisha minister today dubbed as impractical direct electronic cash transfer of subsidies to beneficiaries in backward regions. "How can it be possible when a large number of people in Odisha do not have bank accounts?" Odisha's Food minister P K Deb questioned. "The basic objective of the public distribution system to arrest hunger among the poor will be defeated if the beneficiaries are provided cash instead of cheap food," the minister...
More »Plan panel to have discretionary powers on release of funds to States -Aarti Dhar
-The Hindu Giving itself discretionary powers on release funds to States under various Central schemes, the Planning Commission has decided to restructure 16 Centrally Sponsored Schemes (CSS) into Additional Central Assistance (ACA) Schemes. The new funding pattern will be effective from 2013-14. While restructuring the CSSs will give more flexibility to the States to utilise the funds, it will also give the Planning Commission absolute control over the quantity of money to...
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