As leaders from two of the world's largest financial institutions, the World Bank and International Monetary Fund, met for annual meetings here Tuesday, a delegation of activists from India called on the World Bank to follow through with its proposal to dramatically cut funding for coal-burning power stations. Over the next few days, the delegation will travel from Washington to West Virginia where, in the heart of the Appalachian Mountains, activists...
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Extend Kyoto Protocol: India
-The Business Standard India made it clear today that it wanted extension of the current Kyoto Protocol on emission cuts, but said it would not accept any further legally binding emission framework. “Before we decide on a new legally binding framework,” said environment minister Jayanthi Natarajan, “it is important to ensure that the existing framework does not crumble. There is at present a legally binding framework (Kyoto Protocol). We want it to...
More »Government set to make 4 per cent of its yearly buy from dalit firms, boost MSME sector by Sidhartha & Subodh Ghildiyal
The Centre is set to make it compulsory for 4% of its annual purchases to be made from units run by dalits and tribals in what will be its strongest bait for classes that hold the key to political battles at the Centre and states. A rough estimate of the proposed spending comes to Rs 25,000 crore. Preferential procurement has been an early poll promise of UPA and its delivery...
More »Government banking on savings from flagship social schemes like NREGA, lower commodity prices to keep deficit in check by Deepshikha Sikarwar
The finance ministry is betting on substantial savings in some of the flagship social schemes and lower commodity prices to stay within the year's fiscal deficit target even as the central bank and economists raise the red flag over the Centre's finances. India's fiscal deficit, or the difference between expenditure and receipts that has to be met through borrowings, during the first four months jumped to 55% of the budgeted amount...
More »Govt may mandate procurement from Dalit-run firms by Sidhartha & Subodh Ghildiyal
The Centre is set to make it compulsory that 4% of its annual purchases be made from the units run by dalits and tribals, in what will be its strongest bait for classes which hold the key to political battles at the Centre and states. The 4% purchase quota proposal from ministry of micro, small and medium enterprises (MSME) is part of the policy that 20% of government procurement be...
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