A rural Indian spending Rs. 22.50 a day would not be considered poor by a Planning Commission whose Deputy Chairman's foreign trips between May and October last year cost a daily average of Rs. 2.02 lakh Pranab Mukherjee's stirring call for austerity tugs at the national tear ducts. Prime Minister Manmohan Singh has pleaded for it in the past and watched his flock embrace it creatively. With the Finance Ministry even...
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Retail inflation hits double digits in April
-The Times of India Spiralling prices of vegetables, oils and fats, milk and milk products pushed consumer price inflation to double digits in April in yet another hurdle to the Reserve Bank of India's efforts to ease interest rates. The double digit retail inflation rate also poses fresh challenges for the UPA government which has been on the back foot for its handling of the economy. Data released by the Central Statistics Office...
More »UPA struggles to put life into annual report-Sanjay K Jha
The UPA II’s third anniversary on May 22 may witness a repackaging of old schemes, promises and achievements in the “Report to the people” as the government has little to show for 2011-12. Sources say the 13-chapter report struggles to contest the perception of policy paralysis by pointing out social-sector initiatives based primarily on welfare schemes launched during the UPA I regime or in the first year of UPA II. The government...
More »Petrol may rise Rs 5/litre, diesel Rs 3
-The Times of India Get ready to pay more for fuels shortly. The hike is likely to kick in soon after Parliament's budget session ends on May 22. In a clear indication of the inevitable, finance minister Pranab Mukherjee on Wednesday warned of "disastrous consequences" if "corrective steps" were not taken to deal with the problem of high oil prices and seemingly endless subsidy. "Petroleum prices are increasing by leaps and bounds....
More »DNA profiling: Very soon, govt will know you inside out-Neeraj Thakur & Saikat Datta
In a controversial move that threatens to increase the intrusion by the state into the lives of ordinary citizens, the UPA government is set to introduce a DNA Profiling Bill in the winter session of Parliament. Once it becomes a law, the bill will grant the authority to collect vast amount of sensitive DNA data of citizens even if they are "suspects" in a criminal case. The data will be...
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