-The Indian Express The Supreme Court on Monday advocated a "balanced approach" on subsidies so that the country's "economy not just survives but also thrives". The court upheld the decontrol of diesel prices for bulk consumers, who had challenged the government's policy in various high courts. Some of these cases had travelled to the Supreme Court. "We have to keep in mind that the rupee is going down against the dollar....
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A food security ordinance that will stimulate food inflation is passing strange
-The Times of India The Parliament's monsoon session is only about a month away. That the Union cabinet has yet taken the ordinance route to implement the national food security Bill signals the scam-tainted UPA government's desperation to woo voters before the next general elections. But the hope that expanding what is already one of the world's largest food security programmes will boost political fortunes is hallucinatory. The exchequer is already...
More »Planning Commission approves Rs 47000 crore plan size for Karnataka
-ANI Ahluwalia appreciated the State Government for strategy to make growth more inclusive and giving right priority to social sector The Planning Commission has approved an annual plan outlay of Rs 47,000 crore for Karnataka for the year 2013-14. The plan size was finalized in a meeting between Planning Commission Deputy Chairman Montek Singh Ahluwalia and Karnataka Chief Minister Siddaramaiah here last evening. The plan size has been agreed at Rs. 47,000 crore...
More »CAG conducts secret studies to warn govt
-The Times of India NEW DELHI: The comptroller and auditor general has started conducting secret studies, called management reports, which are not tabled in Parliament. Starting with a report on Commonwealth Games (CWG), four such reports have been out. In the form of advisories, these reports are meant to forewarn the government on systematic faults and alert the departments to adopt Fiscal Prudence. Besides the one on CWG, the official auditor has produced...
More »An opportunity missed-CP Chandrasekhar
-The Hindu “The purpose of a Budget – and the job of a Finance Minister,” P. Chidambaram declared in his speech, “is to create the economic space and find the resources to achieve the socio economic objectives.” Now that the presentation of and the spate of initial responses to the budget are behind us, it may be appropriate to ask how far the Minister went in accomplishing his self-defined task. Mr. Chidambaram...
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