-The Times of India MUMBAI: Manohar Panse, the driver of BJP president Nitin Gadkari, who was found to be a director on several of Gadkari's companies, is not alone. Peons, clerks and drivers of leading politicians have become overnight millionaires or secured key assignments in the institutions set up by their employers. TOI was the first to break the story about Panse being a director in five of Gadkari's Purti Power and...
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A salary plan that changes nothing -Maya John
-The Hindu Recently during a press conference called by the Ministry of Women and Child Development, the Minister of State (Independent Charge), Krishna Tirath, proposed the formulation of a bill through which a certain percentage of a husband’s salary would be compulsorily transferred to his wife’s bank account to compensate her for all the domestic work she performs for the family. According to the Minister, this percentage of husbands’ salaries would...
More »Let’s not overrate foreign investment -Pulapre Balakrishnan
-The Hindu The government’s claim that it will dampen inflation, bring higher prices for farmers and lower prices for customers may be somewhat exaggerated With the intention of signalling a strong commitment to reforms, the UPA government has announced a hike in the price of diesel and liberalisation of foreign direct investment (FDI) in multi-brand retail, justifying the measures as growth-enhancing and inflation-dampening. They have been termed bold by India’s corporate sector...
More »PM Manmohan Singh directs cash transfers for social welfare schemes
-The Economic Times Prime Minister Manmohan Singh has taken charge of the UPA's initiatives to directly transfer welfare benefits and subsidies into individual beneficiaries' bank accounts - a system that would plug the rampant leakages of funds earmarked for the poor via schemes such as NREGA on which the government spends over 3,00,000 crore annually. A new ministerial co-ordination committee under the PM would now fast-track the architecture for cash transfers while...
More »Oil PSUs: Decoding the math of loss or under-recovery and what it means-Avinash Celestine
-The Economic Times How right was the government when it stated that the under-recoveries posed a threat to 'our national economy'? Or when the government says that it gave more to the sector in the form of subsidies than it earned as fuel taxes? The government would also like you to believe that the under-recoveries, dependent as they are on the price of crude in the international market, and the exchange...
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