-Live Mint In the past year, ration cards are being replaced with smartcards that can track food doled out through the PDS system New Delhi: Mohanlal Kapoor, a street vendor in north India, holds a card entitling him to subsidized food for his wife and four children. To get supplies, the Kapoors must battle an estimated 15 million families in their state toting similar pieces of paper that they're not entitled...
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$15 bn rollover of subsidy costs into next budget?
-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...
More »CAG slams Uttar Pradesh for poor implementation of MGNREGS -Jitendra
-Down to Earth 14.5 per cent decline in employment under Mahatma Gandhi National Rural Employment Guarantee Scheme, says country's chief auditor The Comptroller and Auditor General (CAG) of India recently released a report on Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), highlighting the irregularities committed by the Uttar Pradesh government in implementing the scheme. CAG has pointed out that non-adherence to rules and regulations and inefficient financial management and monitoring of the...
More »Medicines to get lot cheaper under new drug price policy -Soma Das
-The Economic Times NEW DELHI: Getting better is getting cheaper. The new drug price policy, the first after 18 years and expected to fully come into effect over the next six months, will reduce average middle class household spend on medicines by over 20%. For some crucial medicines, savings could be as much as 50% or more. The drug price regulator is crunching numbers to measure the impact of the new pricing...
More »Rajan panel wasn't unanimous in framing underdevelopment index
-The Business Standard Panel member questioned the choice of sub-components There is some consolation for Bharatiya Janata Party's prime ministerial candidate and Gujarat Chief Minister Narendra Modi: Not everyone in a panel headed by Reserve Bank of India Governor and former chief economic advisor Raghuram Rajan had favoured the inclusion of Gujarat in the list of less developed states. Economist and social scientist Shaibal Gupta, a member of the panel, had dissented and...
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