-Economic and Political Weekly Budget 2012, built yet again at the altar of fiscal fundamentalism, will not convince anybody. In this era of immediate assessment it took just a few minutes for the Union Budget for 2012-13 to be given one or the other negative appellation – “lacklustre”, “anti-growth”, “back to the 1980s”, “without reform” and the like. Such evaluations forget that union budgets have long since ceased to be statements of...
More »SEARCH RESULT
Total Matching Records found : 306
In whose welfare?-Gaurav Choudhury
One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...
More »Mood upbeat among nuclear scientists by TS Subramanian
It was the news S.K. Jain, Chairman and Managing Director of the Nuclear Power Corporation of India Limited (NPCIL), was waiting for in the past several months. The news of the Tamil Nadu Cabinet decision to allow the resumption of work on the Kudankulam Nuclear Power Project (KKNPP) also sparked a wave of euphoria through the NPCIL's township near Kudankulam in Tirunelveli district . “The NPCIL is very happy, and we are...
More »5.3 % share for children in Budget-Aarti Dhar
As much as 5.3 per cent of the Union Budget for 2012-13 is Budget for Children (BfC) with an increase of 0.3 per cent since 2011-12. This must be set against the inflation rate of 6.6 per cent. The increase can be attributed to the increased allocation in the development sector by 66.2 per cent and health by 29.7 per cent. However, as always, the share of the protection sector remains...
More »Overnight prosperity clue to industry cash flow to Maoists by Jaideep Hardikar
A bidi-smoking petty contractor who suddenly bought two Boleros and a former newspaper hawker who zipped about Chhattisgarh’s jungles in a Toyota may hold the key to a question bugging the custodians of national security. What the police want to know is: are business houses paying off the Maoists to be able to operate deep inside central India’s mineral-rich guerrilla zones? Chhattisgarh police say that when contractor B.K. Lala’s bank account suddenly...
More »
