Import duty on raw silk has been cut from 30 to 5 per cent The mood is grim at the Government Cocoon Market in Ramanagaram. The auction of silk cocoons is on; however, no silk reeler is willing to pay more than Rs. 110 for a kg. At this rate, the loss incurred by each farmer is a heartbreaking Rs. 60 a kg. Double whammy The loss is greater and the risk more...
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India's Stingy Poverty Definition Irks Critics by Muneeza Naqvi
Every day, through scorching summers and chilly winters, Himmat pedals his bicycle rickshaw through New Delhi's crowded streets, earning barely enough to feed his family. But to India's government he is not poor – not even close. The 5,000 rupees ($110) he earns a month pays for a tiny room with a single light bulb and no running water for his family of four. After buying just enough food to keep...
More »Sonia rushes to salvage MGNREGS by Anirban Bhaumik
Weighed down by an unending season of corruption, the political leadership of ruling the United Progressive Alliance (UPA) has stepped in to rescue the regime’s flagship rural employment guarantee scheme from discredit due to mounting allegations of endemic irregularities. The National Advisory Council of the UPA, headed by Sonia Gandhi, on Wednesday asked the Manmohan Singh government to expedite notification of the much-awaited rules that would allow public scrutiny of the...
More »BPL families to get Rs 400 for kerosene & LPG by Chetan Chauhan
Every family below poverty line may get over Rs 400 per month from the government from April next year in lieu of fuel subsidy for kerosene and liquefied petroleum gas cylinders as part of India's first direct cash transfer scheme. The move, which is expected to be considered by Empowered Group of Ministers (EGoM) on June 9, is aimed at checking use of kerosene for fuel adulteration and reduce financial...
More »Singur agreement to be made public: Mamata by Indrani Dutta
Even as she said that she would welcome the Tatas setting up a unit at Singur, Chief Minister Mamata Banerjee said here on Wednesday that the agreement signed between Tata Motors and the previous government for the Nano project would be put in the public domain within a day or two. Briefing the Press after her second Cabinet meeting since assuming office last weekend, she said: “As a reciprocal gesture, I...
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