The power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out fast. “The stock of imported coal will exhaust by the end of this month,” said Krishna Gupta, the managing director of the West Bengal Power Development Corporation Ltd (WBPDCL), the largest electricity supplier in the state. The corporation had last year imported 1.2 million tonnes of coal from Indonesia. “We will come up...
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Saranda: den to showpiece by Basant Kumar Mohanty
As many as 56 villages in the Saranda forests, freed from over 10 years of Maoist dominance in a month-long offensive in August, is set to see a new era of development with the Centre Planning to showcase it as a test case to prove that police action is no impediment to building social infrastructure. Union rural development minister Jairam Ramesh, who visited the Jharkhand capital last week, has sent a...
More »Rs. 32 a day poverty line not all that ridiculous: Montek
-PTI Even as a controversy rages over the Rs. 32 per capita per day poverty line, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said “it is not all that ridiculous” in Indian conditions. “The fact is that Rs. 4,824 per month for a family [of five] to define poverty is not comfortable but it is not all that ridiculous in Indian conditions,” Mr. Ahluwalia said in a letter to Attorney-General Goolam...
More »Calculating poverty: How India does it
-BankBazaar.com Can you live on Rs 32 a day in Indian cities? This is what everyone is asking after the Planning Commission came up with this figure in its revised estimate of people living below the poverty line. How about living on Rs 26 a day in a village? Impossible, you say. That's the debate that has been going on in India for the past few days. There is certainly something missing with...
More »Despite good monsoon, farmers blame NREGA for low profits
-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...
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