-The Times of India NEW DELHI: Direct Benefit Transfer (DBT) was supposed to be a game-changer ahead of the 2014 general elections, with the government planning to plug leakages by transferring cash directly into the accounts of beneficiaries and hoping to cash in on their goodwill. But eight months down the line, it is discovering that the grand plan has run into bureaucratic walls and the beneficiaries are not ready to...
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Over 250 projects worth Rs 11 lakh crore queue up for fast-track clearance by PM-backed cell -Vikas Dhoot
-The Economic Times NEW DELHI: Prime Minister manmohan singh's drive to revive investor sentiment by fast-tracking large stalled projects through the Cabinet Committee on Investments (CCI) and a special cell under it is encouraging Indian companies as well as big foreign investors such as Shell, Cairn India and Dell to knock on the government's door for urgent help. Over 250 projects worth Rs 11 lakh crore are now being considered by the...
More »Amid slugfest with BJP, PM hints at hiking fuel prices, curbing gold imports
-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, manmohan singh admitted that the current account deficit had gone up sharply and...
More »Planning Commission to approach Cabinet with mechanism for PPP disputes
-PTI NEW DELHI: The Planning Commission will approach the Cabinet next month with a draft bill for an institutional mechanism to speedily resolve issues related to public contracts and a separate note on the progress of PPP projects with remedies to solve problems faced by them. "The Planning Commission is in the final stages of drafting a bill for setting up an institutional mechanism to address issues hampering Public Private Projects (PPP)...
More »Growth slowest in four years
-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...
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