The Union government’s plan to recapitalize 40 of the 82 regional rural banks (RRBs) is at risk as some of the state governments are either delaying or refusing to pay their share of money. Due to this, the government has only been able to recapitalize around 12 RRBs, with the stakeholders collectively infusing Rs. 300 crore. The cabinet had approved the Rs. 2,200 crore recapitalization plan of 40 RRBs in February,...
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Why We Oppose Biotechnology Regulation Bill by Bharat Dogra
The Union Government has prepared the Biotechnology Regulatory Authority of India Bill, 2001 (BRAI in brief) for the regulation of the biotechnology sector in India. While the need for strong and careful regulation certainly exists keeping in view the serious threats posed to health and environment by the genetically modified (GM) crops, the BRAI can actually increase this threat by paving the way for the rapid spread of GM crops...
More »Reasons for inflation known, but no light at the end of tunnel by Ashok Dasgupta
Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...
More »The Union Cabinet gets healthier by P Sainath
The worse off the poor become, the healthier our Ministers get. Air India might not be doing as well we'd like it to. But the braveheart who flew it fearlessly into dense clouds of debt is doing okay. Praful Patel (who no longer holds the aviation portfolio) added, on average, over half a million rupees every day to his assets in 28 months between May 2009 and August 2011. This might...
More »PMO directs ICAR to develop temperature resistant crop varieties
-The Economic Times The Prime Minister's Office has asked the department of agriculture to focus on ushering in the next phase of reforms by achieving self-sufficiency in key crops and ensuring creation of farm infrastructure. A review meeting of the agriculture sector, chaired by the Prime Minister's principal secretary, TKA Nair, has suggested specific measures to boost production, especially that of oilseeds and pulses, a government official said. The PMO asked...
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