By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-Budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....
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India’s Nuclear Neros by Praful Bidwai
The colossal hubris, ignorance and smugness of India’s nuclear czars take one’s breath away. The day Japan’s crisis took a decisive turn for the worse, with an explosion in a third Fukushima reactor and fresh radiation leaks, Department of Atomic Energy (DAE) secretary Sreekumar Banerjee declared that the nuclear crisis “was purely a chemical reaction and not a nuclear emergency as described by some section(s) of media”. Nuclear Power Corporation...
More »RSBY: UPA's flagship, opposition's pride by Vikas Dhoot
The World Bank and the United Nations have hailed it as one of the best health insurance schemes around the globe. Finance Minister Pranab Mukherjee's Budget called this UPA flagship, the Rashtriya Swasthya Bima Yojana (RSBY), an 'effective instrument' for providing basic health cover to the poor. Yet, UPA-ruled states have virtually disowned the scheme - just 11% of the scheme's Rs 2.31 crore active beneficiaries are in UPA-run territories, an...
More »How Pranab squared the deficit hole by AK Bhattacharya
Just reclassified Rs 1.46 lakh crore of spending as capital investment. Finance Minister Pranab Mukherjee’s Budget for 2011-12 seems to have used a new accounting system to make a virtue of necessity. Committed to provide funds to run the Mahatma Gandhi National Rural Employment Guarantee Scheme or MGNREGS, Mukherjee has transferred the entire financial allocation for the scheme under a head that will now help him take credit for a reduced effective...
More »Punjab Budget woos women, BPL families by Sukhdeep Kaur
“Budget is more than a document of income and expenditure. People expect it to tackle the twin problems of poverty and social injustice while ensuring better income and standard of living.” Country’s first woman Finance Minister of any state government, Upinderjit Kaur, said this while presenting her first Budget and last of the present Akali-BJP government on Monday. With the state slated to go to polls early next year, the Rs...
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