Up to three-fourths of villagers and half of city dwellers will be entitled to subsidised food grains under a new bill, with the Centre refusing to budge on the volume of grain entitlement and continuing with upper limits for beneficiaries. The National Food Security Bill, redrafted on the basis of feedback from states and civil society groups, will soon be sent to the cabinet so that it can be introduced in...
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Green climate fund faces delay amid mounting objections by Urmi A Goswami
In a setback to the climate talks underway in Durban, discussions on finance, a key element of a successful outcome, appear to have hit the slow road. The discussions on the two integral elements - the Green Climate Fund and sources for long-term funding - have been put on hold. With the fate of the climate fund with predictable fund source hanging in balance, it is perhaps time for India to push...
More »FDI row: Desperate finance minister, helpless party by Sheela Bhatt
Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...
More »Jairam turns to CAG for help on NREGA by Sreelatha Menon
In a move most ministries would shy away from, Rural Development Minister Jairam Ramesh has written to the Comptroller and Auditor General (CAG) of India, requesting him for a performance and financial audit of the National Rural Employment Guarantee scheme (NREGA), the most heavily funded flagship scheme of the UPA government. The minister has written to CAG Vinod Rai, who was recently criticised by Prime Minister Manmohan Singh for calling frequent...
More »‘Disclose confidential financial inspection reports of banks’
-The Deccan Herald In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules. Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the...
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