-The Economic Times The agriculture ministry is seeking more budgetary support to increase farm sector growth rate to 4% per annum from 3.5% at present. "The allocation this year would be more as the country needs to produce more to provide food security to the nation," an agriculture ministry official said. "The scheme 'Bringing Green Revolution in Eastern India' has done well with increased funds of Rs 1,000 crore. We expect more...
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India can learn from others, tax policies should boost women empowerment-Lubna Kably
-The Times of India The Companies Bill, 2012, passed by the Lok Sabha a few months ago, has recognised the importance of diversity in the board room. Certain class of companies will soon be required to have at least one woman director on board. The EU has long recognised the value that women directors bring to the table. But, policies need to be reworked even at the ground level. With the budget...
More »Congress pro-poor plea to PC
-The Telegraph Congress leaders today pleaded with finance minister P. Chidambaram to not compromise on social sector schemes despite constraints of a sliding economy as the party has to face a series of polls this year followed by the general election in 2014. At the annual pre-budget consultation with the party, Chidambaram explained the difficulties created by slow domestic growth and continuing global recession while admitting the importance of sustaining social sector...
More »Govt needs extra Rs 20,000 crore to implement Food Security Bill
-Reuters Food minister K V Thomas says the current cost of the food subsidy is Rs 1 lakh crore India needs a Rs 20,000 crore top-up for its proposed Food Security Bill, aimed at ensuring subsidised grain for the poor, Food Minister KV Thomas said on Thursday, even as the government is seeking deep spending cuts. The bill will be introduced in the budget session of Parliament which begins on February 21. The...
More »Dismal economic data adds to government’s woes
-The Times of India There was no let up in bad news for the government on the economic front. Amid the debate over slowing economic growth, data released by the Central Statistics Office (CSO) on Tuesday showed industrial output fell 0.6% in December, posing fresh policy challenges. This is the second successive month of decline for factory growth which has remained anaemic due to a string of factors including high interest rates,...
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