Wheat to be sold to traders at Rs.12.50 a kg; decision on sugar deferred The Centre will release five million tonnes of wheat from its pool in the open market to enhance availability and maintain a check on prices. The wheat, to be released in July, would be available directly from depots for traders and retail buyers at a reserved price of approximately Rs.12.54 a kg. Wheat is selling in Delhi...
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Developing countries set to account for nearly 60% of world GDP by 2030, according to new estimates
The rapid growth of emerging economies has led to a shift in economic power: forecasts based on analysis by late economist Angus Maddison suggest that the aggregate economic weight of developing and emerging economies is about to surpass that of the countries that currently make up the advanced world. According to Perspectives on Global Development: Shifting Wealth, a new publication from the OECD Development Centre, the economic and financial crisis is...
More »Maoists on mind, govt mulls mining law by Nishit Dholabhai
The government is thinking of bringing in a law that would allow the National Investigation Agency to probe cases of illegal mining. The proposal for arming the NIA with this power had come from the Prime Minister’s Office. Sources said the objective was to enable the Centre to break the “mining mafia”. If passed, the proposed legislation will also enable the government to scrap leases of companies engaged in illegal operations, like...
More »MP first state in the country to push for food security for the poor
The recent allegations made are uncalled for and can be seen as an attempt by bidders disqualified due to not fulfilling the tender requirements. Companies like Glodyne who have been crying foul did not even have an ISO certification to bid for the project and have failed miserably in states like Bihar to execute projects of nation building NREGA it took on. Other players included TCS and Aditya Birla Group...
More »A profitable education by Sadhna Saxena
While India’s new Right to Education Act seeks to bring free and compulsory education for all children, it seems to short-change them through an unrealistic vision of the private sector’s involvement. In August 2009, the Right to Education Act was passed in the Indian Parliament with no debate, by the fewer than 60 members who happened to be attending the session that day. Not that the Act was an open-and-shut...
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