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Finance, fertilizers and petroleum ministries to seek subsidy cuts-Sidhartha

-The Times of India   NEW DELHI: A swathe of ministries - from finance to fertilizer and petroleum - are going to make a case for a reduction in subsidies before Narendra Modi, a move that will push up your monthly expenditure but is expected to help the government cut wasteful spending and revive investment. Sources said the three ministries are identifying subsidies as a key constraint in their presentations that secretaries will make...

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Heading towards a cliff -Kundan Pandey

-Down to Earth   As India elects new government, the 12th Five Year Plan may no longer be pro-poor MUCH hope is pinned on the 12th Five Year Plan that was declared as the first health Plan by Prime Minister Manmohan Singh. The United Progressive Alliance (UPA) government, while drafting the Plan, also termed it "pro-poor" and promised the maximum budget for social welfare schemes. But as the Plan comes into force this...

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MGNREGA claims, and facts -Jeh Tirodkar

-The Indian Express   Available data suggests the programme has been effective in reducing rural poverty and gender discrimination Nirmala Sitharaman's misinformation (‘How not to run a programme', IE, May 9) on the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), which employs one in every four Indian rural households every year, is disappointing. Consider these facts. For the first time in over two decades, the increase in rural consumption (a proxy indicator...

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The Gujarat middle-Jean Drèze

-The Hindu   If Gujarat is a model, then the real toppers in development indicators, like Kerala and Tamil Nadu, must be supermodels In an earlier article published on this page ("The Gujarat Muddle," April 11, 2014), I pointed out that Gujarat's development achievements were hardly "model" class. This is pretty firm ground: the same point has been made by a long list of eminent economists. Yet confusion persists, so I decided to...

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El Nino likely to cause loss of Rs 1,80,000 crore this year: ASSOCHAM -Soma Basu

-Down to Earth Studies indicate high food inflation As Met office predicts below normal rainfall because of El Nino this year, a study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected a 1.75 per cent GDP reduction and loss of hundreds of thousands of jobs in the unskilled sector. The report released recently says that five per cent deficit rainfall forecast by the India Meteorological Department (IMD) will...

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