-The Telegraph The urban development ministry is miffed at the budget allocation for the urban renewal mission and has told the House standing committee it would not “sit quietly” but fight for more funds from the Finance ministry. The aggressive posture comes despite the poor progress of the Jawaharlal Nehru Urban Renewal Mission, with only 127 of the 555 projects under its first phase completed by the deadline of March 31, 2012. A...
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Give debt relief or Trinamool will step up heat: Mamata-Sumit Sen & Nirmalya Banerjee
West Bengal chief minister Mamata Banerjee on Thursday threatened to bring her anger to the streets of New Delhi and launch an agitation in the capital if the Centre didn't give in to her demand for a moratorium on debt repayment. In a rare and exclusive interview to TOI at the Writers' Buildings in Kolkata, the Trinamool Congress chief didn't once utter the words "threat" or "pullout", but her message was...
More »Delhi sets up Bengal debt talks-Jayanta Roy Chowdhury
A Union Finance ministry panel is likely to call Bengal’s top officials next week to discuss the request for a debt recast. This will be preceded by a meeting of a Trinamul Congress parliamentary delegation with Prime Minister Manmohan Singh and Finance minister Pranab Mukherjee. Bengal, Kerala and Punjab have been officially dubbed debt-stressed states. A panel headed by expenditure secretary Sumit Bose has been tasked to look into the problems of...
More »Rise in natural resources prices appears to be hurting poor nations-UN report
-The United Nations A sustained rise in prices for raw natural resources and basic agricultural goods is defying long-standing patterns and appears to be hurting poor nations through rising food and fuel costs more than it is helping them through higher revenues for their commodities exports. That was one of the findings of the Commodities and Development Report 2012, a study launched at the 13th session of the UN Conference on Trade...
More »CAG rues huge central funds to local bodies-Devesh Kumar
A Comptroller and Auditor-General of India report has expressed dismay over the rising share of funds disbursed by various ministries to local bodies and NGOs in 2010-11. The CAG report on the accounts of the Union government was tabled in Parliament on Tuesday. "An analysis of plan expenditure revealed that 77% of the total plan expenditure was in the form of grants-in-aid payment,'' the report stated. "In five of the ten...
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