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Digging holes

-The Economist   A maverick minister lays into a hallowed programme IT LOOKS like risky politics for Jairam Ramesh, who runs India’s biggest civilian ministry, in charge of rural development, to lash out at his own government’s flagship welfare scheme. Mr Ramesh, who got his cabinet post in July, has sparked a row in the past week over corruption and poor results within a public programme that guarantees 100 days of paid work...

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Lokpal Movement: Unanswered Questions by Gautam Navlakha

Why is it that the Anna Hazare-led movement against corruption does not seek to have the Lokpal cover NGOs, corporate houses and the corporate media? Gautam Navlakha (gnavlakha@gmail.com) is a member of the People’s Union for Democratic Rights, Delhi.   It would be churlish to dismiss “Team Anna’s” mass mobilisation which is an assertion of our collective right to protest. This is especially so in view of the fact that after having waited...

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UN-sponsored climate talks in Durban to discuss funding by Urmi A Goswami

The contentious issue of finance will be among the key items that will take centrestage at the UN-sponsored climate talks in Durban. Predictable and continuous funding to undertake steps to tackle climate change lies at the core of a balanced global deal. At the pre-conference meeting, South Africa said that the Durban meet should go beyond operationalising the Green Climate Fund agreed on at the Cancun meet. Pretoria indicated that...

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New manufacturing policy targets 100 mn jobs in 10 years

-ENS Economic Bureau   The government today approved a national policy for manufacturing that aims to increase the sector’s share in the economy to 22 per cent from 16 per cent and create 100 million jobs over 10 years. The policy will ensure this by facilitating national manufacturing investment zones, which will offer faster clearances. “It hopes to... give comfort to investors through a single-window clearance mechanism,” Commerce and Industry Minister Anand Sharma...

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For urban poor, Govt plans to stand guarantee for Rs 5-lakh home loans by Smita Aggarwal

The Government is finalising the blueprint for a scheme to enable a vast majority of the urban poor to own a house.   The housing and urban poverty alleviation (HUPA) ministry has proposed to stand in as guarantor for home loans up to Rs 5 lakh. Under the scheme, Banks would be reimbursed up to 90 per cent in case the poor default on these loans. The scheme, targeting those earning less than...

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