The government plans to pay `80 every year for three years to state-owned banks for each account they have for a beneficiary of the rural job guarantee scheme. This is expected to provide an incentive to lenders to ensure quicker delivery of wages under India’s flagship welfare programme. “We have made a proposal to the finance ministry that a public sector bank gets paid `80 per year for each MGNREGA (Mahatma Gandhi...

The land problem in Singur was a turning point in the political fortunes of both the Left Front and the Trinamul Congress. The story is far from complete, and the legal twists and turns between Mamata Banerjee and the house of Tata could unfold in surprising ways. The issue of adequate compensation for farmers, who had to part with their land, is still an open question to which many well...

-The Times of India   Maoist-affected districts across the country might have seen years of neglect by successive governments, but a new Central scheme - Integrated Action Plan (IAP) - under the UPA-II is fast filling up the 'critical gap' in those 'deficit zones' through taking up a number of development projects. As many as 67,072 basic infrastructure projects across 60 districts in nine states have been taken up at Rs 2,740...

-The Business Standard   Political rhetoric dominated the Federation of Indian Chambers of Commerce and Industry (Ficci) annual executive committee meet today, even as two key faces of Mamata Banerjee’s administration reiterated the government’s stance of not acquiring land for industry. “Under no circumstances will the government acquire land for the industry,” Partha Chatterjee, West Bengal’s commerce and industries minister told the industry body. Also present at the event was state’s finance...

On May 23, the president of the Congress, Sonia Gandhi, laid the foundation stone of a bridge being built across the river Ravi, linking Jammu and Kashmir with Punjab and Himachal Pradesh. Ten days later, she was in Rajasthan, inaugurating the National Rural Livelihoods Mission. For both trips she had to travel far from her place of residence, which — given her position — would have involved careful planning beforehand,...