The Centre is set to make it compulsory for 4% of its annual purchases to be made from units run by dalits and tribals in what will be its strongest bait for classes that hold the key to political battles at the Centre and states. A rough estimate of the proposed spending comes to Rs 25,000 crore. Preferential procurement has been an early poll promise of UPA and its delivery...
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Flowing The Way Of Their Money by Lola Nayar
Do agencies like the Ford Foundation push their own agenda through the NGOs they support? It’s often said, tongue in cheek, that India’s “shadow” government works out of the nondescript, low-slung buildings abutting the Lodhi Garden in Delhi. That’s partly hubris, but it also stems from being close to the centre of power. This rarefied zone houses powerful “cultural” institutions like the India International Centre, as well as a host...
More »Government looking for overall financial inclusion through Aajeevika Development and Financial Corporation by Urmi A Goswami
In an attempt to bolster its aam aadmi image, the government is setting up the Aajeevika Development and Financial Corporation, a financial institution to ensure easily available funding for self-help groups under the National Rural Livelihood Mission. Problems in accessing credit for families below poverty line have been a major hurdle for the livelihood mission. The rural development ministry is in the process of inter-ministerial consultations on the proposed financial...
More »Dividing the poor by TK Rajalakshmi
The flawed Bill on food security has not received the kind of publicity that the Lokpal Bill has, but that does not diminish its significance. “THIS government has divided everything and everyone. There are different cards for different sections of the poor. If my employer, taking pity on me, gives me an old television, I am not entitled to a yellow card [Below Poverty Line card]. My son who is...
More »Government banking on savings from flagship social schemes like NREGA, lower commodity prices to keep deficit in check by Deepshikha Sikarwar
The finance ministry is betting on substantial savings in some of the flagship social schemes and lower commodity prices to stay within the year's fiscal deficit target even as the central bank and economists raise the red flag over the Centre's finances. India's fiscal deficit, or the difference between expenditure and receipts that has to be met through borrowings, during the first four months jumped to 55% of the Budgeted amount...
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