-The Hindu The Economic Survey has said that the proportion of liquefied petroleum gas (LPG) subsidies that goes to the poor, in both rural and urban areas, was low. This finding is bound to provide fuel to the debate on whether the rich should continue to be supplied cooking gas at subsidised rate. Making a case for containing subsidies through better targeting, the Survey said the reach of subsidies on LPG “is...
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A walk on the wild side
-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...
More »Economic Survey: Gujarat 2nd fastest growing state
-Express News Service Gujarat stands second after Bihar on the list of fastest growing states during the last seven years. Between 2005-06 and 2011-12, Gujarat clocked a Gross State Domestic Product (GSDP) growth of 9.98% while Bihar registered the highest growth rate of 10.17 per cent, states the Economic Survey 2012-13. Gujarat stood fourth on the list of states as far as GSDP growth for 2011-12 was concerned. With 8.2 per cent growth,...
More »Budget 2013-14: Rs. 1,000 crore each for women, youth funds
-The Hindu "To the women of India - we have a collective responsibility to ensure the dignity and safety of women. Recent incidents have cast a long dark shadow on our credentials. As more women enter public spaces...there are more reports of violence against them. We stand in solidarity with our girl children. We pledge to everything possible to keep them swcure. A number of measures are in the works...
More »Rural job scheme to help railways expand
-The Business Standard Railway engineers would help gram panchayats in developing estimates of the work and in training workers Union Railway Minister Pawan Kumar Bansal today announced a partnership between Indian Railways and the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in his budget speech. "I thank (Minister of Rural Development) Jairam Ramesh for agreeing to the railways' request to partner in some of the rail-related activities under MGNREGS," he said. Bansal...
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