-The Hindu Governments of all hues at the Center and state levels have always claimed to be working for uplift of dalits and tribals, two of the most deprived sections in India. Together, they comprise nearly a quarter of India's population. Yet progress has been slow and patchy despite decades of affirmative action. Why? Part of the answer lies in gross neglect and insincerity of political rulers - this is the conclusion...
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Agri survey bats for pvt participation
-The Business Standard The first agriculture survey, tabled in Parliament on Monday, called for more private participation to boost farm sector investments, rather than heavy doses of subsidies. “There is always a trade-off between allocating money through subsidies or by increasing investments. The investment option is much better than subsidies for sustaining long-term growth in agricultural production and also to reduce poverty faster,” said the survey, State of Indian Agriculture 2011-2012. It...
More »White paper on black money likely in Budget Session: Govt
-PTI The Government today said it is likely to table a White Paper on black money during the ongoing Budget Session of Parliament, but maintained that there is no authentic estimate of the quantum of illicit wealth. "The white paper is likely to be brought during the Budget Session," Minister of State for Finance S S Palanimanickam informed the Rajya Sabha in a written reply. The White Paper is expected to contain information...
More »Government may be forced to keep its reform bills in cold storage
-The Economic Times The government may be forced to trim its legislative agenda - including pushing through long-pending bills on pensions, insurance and banking - following Congress' debacle in Uttar Pradesh and Punjab assembly elections. Pension, insurance and banking sector reforms are part of the legislative agenda of the UPA government but BJP leaders told finance minister Pranab Mukherjee at an outreach session that the government should first set its House in...
More »Petrol consumption may decelerate in FY12 by Amrit Raj
The growth rate of petrol consumption is set to fall below 5% in the current fiscal, the first time in five years. Meanwhile, the consumption of diesel continues to grow at 7%, adding to the losses of the oil marketing companies on account of subsidies. In India, diesel is subsidized while petrol is not, and the price difference has led to more buyers opting for vehicles driven by the cheaper fuel. According...
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