-The Hindu Business Line June IIP up, but manufacturing grows just 0.9%; retail inflation hits 6.07% in July New Delhi: A barely growing manufacturing sector and a surging inflation dealt a double-whammy to the economy. Retail inflation surged to 6.07 per cent in July, overshooting the government and central bank’s comfort zone of 5 per cent, even as manufacturing growth remained almost standstill at 0.9 per cent in June. Yet, the Index of Industrial...
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Food Security: Subsidy to be extended, PDS to get cheap grain till fiscal end -Sandip Das
-The Financial Express With a number of states commencing rollout of the National Food Security Act, 2013, only in the last couple of months, the government has decided to extend the rate at which highly subsidised grains are currently being supplied to states for distribution through the public distribution system (PDS) till end of the current fiscal. Sources told FE that the Centre would continue to provide subsidy so as to enable...
More »Parties, CIC tug it out over RTI ambit -B Muralidhar Reddy
-The Hindu In a landmark judgment in 2013, the Central Information Commission had ruled that political parties come within the ambit of the Right to Information Act. The tug of war between the six national political parties and the Central Information Commission (CIC) continues as they continue to defy its orders three years after it had declared them as “public authorities” under the Right to Information Act, 2005 making it mandatory for...
More »Farmers in parched India village use crowdfunding to build canal -Saritha Rai
-Bloomberg When farmers in the scorched village of Horti in Western India were struggling to raise money for a canal, they turned to an unlikely source: a crowdfunding website called FuelADream. The farmers had never heard of crowdfunding before, but a local non-profit group suggested the site and helped them write a proposal that explained how a canal would help feed local families. Within weeks, they had raised Rs 300,000 ($4,490) from...
More »Govt raises budget for rural jobs scheme by Rs. 5,000 crore -Elizabeth Roche
-Livemint.com Fresh fund infusion means the overall budget allocation for MGNREGS in 2016-17 will be Rs43,500 crore New Delhi: The Narendra Modi-led National Democratic Alliance government has increased the budget for the national rural employment guarantee scheme by Rs.5,000 crore to Rs.43,500 crore for 2016-17, minister of state for rural development Ram Kripal Yadav told Parliament on Monday. The scheme “will not be shut down but strengthened. It is a special direction...
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