Prime Minister Dr. Manmohan Singh on the occasion of completion of one year of the UPA Government in its second term said on Monday that the flagship programmes launched by his government are progressing well. "I will briefly highlight some of the important steps we have taken over the past year and also the pressing challenges that confront the nation,' Dr. Singh said during his opening remarks at the national...

Projecting an 8.5 per cent economic growth for the current fiscal, Prime Minister Manmohan Singh on Monday conceded that rising prices had brought distress to the common man, but exuded confidence that the “corrective” efforts of the Centre and the States would bring down inflation to about five or six per cent by the end of December this year. At a press conference here to mark the completion of the UPA-II...

Against the backdrop of allegations about under-utilisation of funds in the Northeast, Prime Minister Manmohan Singh today bemoaned this trend, while claiming that the current Union government has made allocations to the region like never before. “All I can say is that our government has increased very substantially the allocations for the development of infrastructure in the northeastern region. I think the amount of money that we have allocated has...

Admitting "leakages" in funds meant for various development programmes and schemes, Prime Minister Manmohan Singh on Monday, said that the government was working to rectify the problems. "There are leakages in programmes and schemes. You cannot deny that. It had been and is the endeavour of the government to rectify these," Singh told reporters here. The Prime Minister was asked about the steps taken by the government to ensure that...

India is setting up a $150-million corpus using funds from the World Bank, European Union and the UK government’s Department for International Development to hatch innovative strategies to universalise secondary education. Called the National Innovation Fund, the corpus will provide financial support to out-of-the-box projects for which budgetary funds cannot be used because of the risk of failure, top government officials have told The Telegraph. “Think of the fund like a...