-Live Mint High on hype, the budget speech of the Union finance minister today is merely a statement of account. As India’s economy diversifies—with the private sector playing an increasingly important role—this annual feature has assumed much lower salience. Not only have fiscal policies lost the space they enjoyed in earlier years, even major policy announcements are restricted to being mere statements of account. Examples from other arenas include “activism” on...

  MGNREGA, which entitles millions of workers enrolled under it to at least Rs 100 a day for 100 days of work in a year, is undergoing an overhaul based on a set of recommendations of a committee headed by the Planning Commission member Mihir Shah.   Encapsulated in The Mahatma Gandhi National Rural Employment Guarantee Act 2005 - Operational Guidelines 2012 in what is being called “MGNREGA 2.0”, the recommendations aim for...

The controversy-hit Kudankulam nuclear power plant in Tamil Nadu is set to be operationalized, with its first 1,000mw unit to be opened soon as the project's safety Audits have been completed and local resistance now reduced to a few hundred protesters.  While the report of the expert group set up by the Tamil Nadu government is awaited, the state government is more supportive of the project being commissioned and the Centre's...

Central allocation for the Mahatama Gandhi National Rural Employment Guarantee Scheme (MNREGS) has been falling in recent years, with this year recording the steepest decline. Money released for the scheme fell from Rs 35,242 crore last year to Rs 21,441 crore this year, while expenditure has gone down from Rs 39,000 crore last year to Rs 20,000 crore as of January-end. The average workdays under the scheme, which provides a legal entitlement...

-ANI Union Telecom Minister Kapil Sibal on Wednesday announced new rules for the telecom sector in which he said that the government has decided to de-link granting of future telecom licences from spectrum allocation. Addressing a news conference here, Sibal said all license henceforth will be unified and added that there will be a cap on spectrum capacity in case of mergers and acquisitions which in turn requires surrendering excess capacity. Sibal said...