The Planning Commission, the country’s apex planning body, is gradually reconciling to the fact that there would be no large gains in the gross budgetary support (GBS) in budget 2010-11, as the government struggles to reduce fiscal deficit. GBS is the money the Union government allocates to various government programmes through the Union budget. “The major objective of the finance ministry is to bring down the fiscal deficit from 6.8% of...

India’s private sector banks are busy drawing up plans to attack public sector banks in their backyard—rural India—by opening hundreds of new branches. They don’t need to seek the Reserve Bank of India’s (RBI) nod any more to open branches in smaller towns and large villages, the so-called tier III to VI centres with population below 50,000. The Indian central bank has also permitted private and public sector banks to...

Ahmedabad, Gujarat's largest city, has won the prestigious Sustainable Transport Award 2010. The city, with a present day population of about 5.2 million, was founded in 1411 by Sultan Ahmed Shah to serve as the capital of the Gujarat Sultanate. The award was handed over to the Ahmedabad city officials in the presence of Indian urban development Secretary M. Ramachandran at a function on the sidelines of the 89th annual meeting...

Why is the government aggressively attacking and destroying inexpensive eco-friendly technologies and promoting pollution-friendly ones? Are we obliged to repeat all the mistakes that the West committed in its pursuit of economic growth? While it makes sense to corner First World countries into investing in eco- friendly technologies to control carbon emissions, as was attempted at Copenhagen, the stand of the Indian government that India cannot afford to enforce better...

Programme aims to reduce shortage of doctors in rural areas  Students to be encouraged to take up the course and then work in rural areas It is not possible to restrict doctors according to geographic area: IMA The Indian Medical Association, the largest non-government organisation of allopathic doctors in the country, has come out strongly against the Medical Council of India’s proposal to start a rural MBBS course called Bachelor of Rural...