-The New Indian Express Bhubaneshwar: The State Government has decided to implement the Focused Area Development (FAD) scheme for the welfare of tribal people for the next 10 years with an expenditure of `15.9 crore per year. The scheme was launched in 2012-13 for providing alternative sources of livelihood to the tribal people. The decision to continue the FAD scheme for the next 10 years was taken at a high level meeting...
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CAG discovers Rs 1,336 crore gap in EPFO books-Vikas Dhoot
-The Economic Times The country's chief auditor has uncovered a Rs 1,336-crore negative balance in the books of the Empoyees' Provident Fund Organisation (EPFO), the custodian of Rs 8.15 crore formal sector workers' lifetime savings. A report, prepared by the Comptroller and Auditor General (CAG) and reviewed by ET, says this discrepancy in the EPFO's books for 2011-12 could grow further. For beneficiaries, this could mean lower returns on provident fund savings...
More »Protein portents- Subir Gokarn
-The Business Standard Relative price changes across food items may impinge on long-term food security Rising food prices have been a significant driver of inflation in India over the past few years. In early 2008, there was a global surge in food prices, which certainly had an impact on the domestic situation. But, this subsided in a few months. Since then, the pressures seem to have been predominantly internal. If these trends...
More »It's time to give women more tax sops -Prabhakar Sinha
-The Times of India It isn't just foreign investors who would have remembered the last Budget as a tough one. Even women lost out as the government withdrew tax benefits that were introduced in the form of higher tax exemption limit in 2000-2001. In 2000-01, Yashwant Sinha, the then finance minister, had introduced a special provision under which the basic tax exemption limit for women was pegged higher than that for men....
More »American dream? 8% of PIOs live below the poverty line
-PTI WASHINGTON: Even as Indian-Americans boast of having the highest per capita income among all the major ethnic groups in the US, more than 8% of the nearly three million community are living below the poverty line, says a latest census report. The 2007-2011 American Community Survey has said that 42.7 million people in the US had income below the poverty level. The national poverty rate is 14.7%. With 8.2% of poverty rate,...
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