-Rediff.com Opposition parties on Tuesday raised the issue of Planning Commission reducing the number of people living below the poverty line dubbing it as a ploy to deceive the poor. Soon after the Rajya Sabha met for the day, members from Bharatiya Janata Party, Janata Dal-United, Bahujan Samaj Party, All India Anna Dravida Munnettra Kazhagam and the Left parties were on their feet seeking a discussion on the issue. Chairman Hamid Ansari said...
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Poverty line at 28.65: Planning Commission faces criticism for figures
-PTI Planning Commission today faced criticism inside and outside Parliament for its description of poor and resultant fall in people below the poverty line with Opposition parties saying it was making a "dishonest" attempt to conceal reality through "fraudulent" estimates. BJP hit out at the government and the Planning panel for the conclusion that the number of people living below the poverty line has fallen by seven per cent, alleging that the...
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 »Retail inflation at 8.83 per cent in February
-PTI Retail inflation was at 8.83 per cent in February on account of higher prices of protein based items and edible oil products. Retail inflation, based on the Consumer Price Index, was 7.65 per cent the January, as per the government data release here today. Among other items, only vegetable prices saw a decline of 4.73 per cent over the February 2011 level. During the month, the prices of egg, meat and fish rose...
More »No green signal yet for the Yuva Kisan by MS Swaminathan
In this year's budget, Union Finance Minister Pranab Mukherjee has essentially tried to consolidate the gains from the initiatives he had launched during the previous two budgets. Thus, in agriculture there is no new initiative except increasing the target for agricultural credit to Rs.5,75,000 crore during 2012-13. This represents an increase of over Rs.1,00,000 crore from last year. The interest rate of four per cent recommended by the National Commission...
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