Never mind the Kirit Parikh committee's proposal for a 20% reduction in pan-India allocation of subsidised kerosene to stem oil companies' under-recoveries, the UPA government might do just the opposite. It is mulling not only the retention of the commodity—used by a vast segment of rural India for lighting—in the targeted public distribution system (TPDS) but also introduction of another item: edible oil. Even as she is about to take over...
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Is Sonia's NAC-2 a Super Cabinet? by Sheela Bhatt
"It is wrong to say that we will become a super cabinet. We are here to get the Indian bureaucracy to see reason to carry forward social projects related to areas like health, food, agriculture speedily and make sure that people like (Planning Commission deputy chairman) Montek Singh Ahluwalia gets the correct picture and figures on social issues," a member of the National Advisory Council told rediff.com. The member argued...
More »Govt already planning new base year by Asit Ranjan Mishra
Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months. The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say...
More »India’s blank spaces by Samar Halarnkar
‘Beggar type.’ Like most of us, Smita Jacob had never come across that pithy official phrase before. It’s a classification in the records of the police of New Delhi, India’s richest city, used to describe a dead homeless person whose death is too insignificant to investigate. The police are as sensitive as you and I to the cripple on the pavement, the child at the car window. They mean no...
More »Strong fourth quarter
The revised estimates of national income by the Central Statistical Organisation for 2009-10 present a generally positive picture of the economy. During the year, the economy grew by 7.4 per cent, marginally higher than the 7.2 per cent projected in February's advance estimates. A better-than-expected 8.6 per cent growth during the fourth quarter is the main reason. Industry has been a star performer. The strong performance of the crucial segments...
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