The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...

-Economic and Political Weekly   Budget 2012, built yet again at the altar of fiscal fundamentalism, will not convince anybody. In this era of immediate assessment it took just a few minutes for the Union Budget for 2012-13 to be given one or the other negative appellation – “lacklustre”, “anti-growth”, “back to the 1980s”, “without reform” and the like. Such evaluations forget that union budgets have long since ceased to be statements of...

-The Times of India   The Right to Information (RTI) Act may have helped unearth some of the biggest scams and anomalies in schemes like NRHM and MGNREGA, but it is yet to become a potent tool to fight injustice for the common man. And the biggest stumbling block is the attitude of the government departments. The Act lays down that information should be provided within 30 days to the seeker.  But a...

-The Hindu “We are the only country where vested interests want to keep the figures high” Even as the Centre is trying to find a face-saving solution to the issue of embarrassing poverty estimates put out by the Planning Commission, Union Minister for Rural Development Jairam Ramesh on Sunday wondered why people were picking holes instead of celebrating the fact that the number of people living below the poverty line had come...

-PTI Rejecting widespread criticism for pegging poverty line at Rs 28.65 daily consumption, Plan panel Deputy Chairman Montek singh Ahluwalia on Saturday asserted that the number of poor in the country has come down irrespective of the method of calculation. "..whatever poverty line you choose. The question is poverty in the country is going down. Some people have said that it is not correct..poverty is not going down..I reject that view...I categorically...