It was UPA 1's winning mantra. But the Rs 33,000 crore a year rural job guarantee scheme may be floundering with the government admitting the flagship programme suffers from delayed payments, poor awareness, lack of durable assets, faulty job cards and muster rolls. The Finance ministry has echoed some of the major criticisms of the Mahatma GandhiNational Rural Employment Guarantee Actlisting endemic "lack of awareness about rights and entitlements" and inability...
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Pranab Mukherjee, Minister of Finance interviewed by Lola Nayar and Sebastian PT
Despite the high-theatrics rollback of the Railway Budget, the government is confident of being able to push ahead with the reforms agenda. Despite the high-theatrics rollback of the Railway Budget, the government is confident of being able to push ahead with the reforms agenda. In an e-mailed post-Budget interview, Union Finance minister Pranab Mukherjee took questions from Outlook’s Lola Nayar and Sebastian P.T. Edited excerpts: The government has managed to get UPA...
More »India fares badly in regulating money in politics: Report
-The Indian Express India is among the lowest scoring countries on political Finance regulation, according to a new report. Global Integrity Report for 2011 released on Friday, indicates that developing as well as developed countries, including the US, are equally struggling to effectively implement money-in-politics rules. Global Integrity is an international non-profit organisation which tracks governance and corruption trends in the world. The Election Commission in India has instituted measures to create enhanced transparency...
More »Govt admits key rural jobs scheme floundering by Rajeev Deshpande
-The Times of India It was UPA 1's winning mantra. But the Rs 33,000 crore a year rural job guarantee scheme may be floundering with the government admitting the flagship programme suffers from delayed payments, poor awareness, lack of durable assets, faulty job cards and muster rolls. The Finance ministry has echoed some of the major criticisms of the Mahatma Gandhi National Rural Employment Guarantee Act listing endemic "lack of awareness about...
More »World Bank chief backs India's tax proposals
-The Hindu “Heart of policy is that government believes people should pay tax somewhere” Even as Finance Minister Pranab Mukherjee faces flak from corporates at home and abroad on his budget proposal to tax Vodafone-type deals through retrospective amendment, World Bank president Robert Zoellick sought to side with the government saying India wanted the company to pay tax at some place. He also reasoned that investors must give some time to the government...
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