Notwithstanding apprehensions expressed by rural development minister Jairam Ramesh on the proposal of giving grain as part payment of wages under the National Rural Employment Guarantee Act, food minister KV Thomas  on Sunday continued to support the idea. Thomas said, “There is enough surplus grain to be given to poor families.” In a recent letter to the Jairam Ramesh, Thomas had made the proposal, which he said would also help ease...

-Daily News Asia's rapid growth is leaving millions behind, causing a widening gap between rich and poor that threatens to undermine the region's stability, according to a new report from the Asian Development Bank (ADB). "Another 240 million people could have been lifted out of poverty over the past 20 years if inequality had remained stable instead of increasing as it has since the 1990s," said ADB's Chief Economist Changyong Rhee. The Asian...

-The Financial Express Food minister KV Thomas’ proposal of giving grain as part payment of wages under the MGNREGA stands to undo most of the progress the government has made in trying to curb leakages in distribution of subsidies. While close to half of food to be given through ration shops is believed to be making its way to the open market, the UIDAI-based system’s attempt is to give cash grants...

Audits will look into the money released to the states in the last seven years, says Ghulam Nabi Azad The health ministry will conduct annual audits of the National Rural Health Mission (NRHM) to detect irregularities in the utilization of funds. Health minister Ghulam Nabi Azad has written to the state governments seeking their cooperation on this. “We have decided to go for an audit of NRHM fund utilization across the states,”...

A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...