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A Budget for the Rich by R Ramakumar

Budget 2011-12 marks a sharp retreat of the government from the social and economic sectors. It has cut back expenditures in sectors that matter to common people, especially the poor. On the other hand, it has given huge concessions to the corporate sector in the form of tax cuts and exemptions. Let us take the overall fiscal stance of the budget. The underlying strategy is to reduce its fiscal deficit to...

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A guide to understanding UID number by Harshada Karnik

Urbanization comes with its share of problems. Your new job lands you in a new city and you need necessities such as a mobile connection, a broadband connection or a bank account transfer as soon as possible. Your only hope in such cases till now is maybe a letter from the employer authenticating your address. Enter UID, the unique identity project headed by Nandan Nilekani, which promises to give an acceptable...

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Direct cash subsidy on fuel, fertilizers by 2012

“To ensure greater cost efficiency, better delivery” Seeking to address the issue of subsidies not reaching the targeted groups, Finance Minister Pranab Mukherjee on Monday proposed to provide a direct cash subsidy on fuel and fertilizers to the poor from March, 2012. “To ensure greater cost efficiency and better delivery of kerosene and fertilizers, the government will move toward direct transfer of cash subsidy for people below poverty line (BPL) in a...

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MPs question Nilekani over UID pitfalls

The possibility of the voluntary nature of the unique identity number project becoming virtually a compulsion in the light of entitlements being linked to the scheme saw members of a parliamentary panel quiz UID chief Nandan Nilekani about its pitfalls. At a meeting of the Public Accounts Committee on Friday, MPs told Nilekani that despite his claims that the UID is merely a number — not indicative of citizenship, caste or...

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Nilekani seeks to allay privacy fears surrounding 'Aadhar'

Allaying privacy fears surrounding 'Aadhar', the Unique Identification Authority of India Chairman Nandan Nilekani today said the project would in no way put at risk citizens' security and rights. Delivering a lecture on 'Analysing and Envisioning India,' Nilekani said having an Aadhar number in no way puts the resident in a security risk or intrudes privacy. "The data collected of the individual by means of biometric system will only be for the...

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