The labour ministry may get about 36% more money under planned allocation in the Budget for the year starting 1 April to expand welfare programmes such as health insurance for the poor. “We are getting Rs. 1,300 crore under planned allocation in the coming Budget,” labour secretary Prabhat Chaturvedi said. The ministry was allocated Rs. 956 crore under the same Plan in the current year’s budget allocation. The labour ministry will also...
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Treading The Fine Line by Prasad Sangameshwaran
It pays to keep away from private-public partnerships, especially if you plan to ‘only’ create awareness on a topic that complements the business you are in. Last week, foods giant Nestle was probably chewing hard on this thought. The company found itself in an uneasy position in India, when it received unfavourable media coverage for a nutrition-awareness programme that Nestle India had launched in schools in association with universities such...
More »UID boss Nilekani for pvt identity, public access
Nandan Nilekani-led Technology Advisory Group for Unique Projects (TAGUP) on Friday submitted its report to finance minister Pranab Mukherjee suggesting systematic change in the way key projects are incubated and executed. The report has mooted the idea of a "mission leader" for every project and a dedicated mission execution team. "Strong support from the top leadership within government, dedicated team at the level of project implementation and ownership and commitment at various...
More »Indian Black Money: The Swindler’s List by Ashish Khetan
It is almost two years since the German Government had passed on the names and bank account details of eighteen Indians who had stashed their alleged ill-gotten wealth in the LGT bank of Liechtenstein, a well-known tax haven nation, 190 km from Munich, Germany. Germany had officially handed over the list to the Indian Government on 18 March 2009. Prime Minister Manmohan Singh and Union Finance Minister Pranab Mukherjee have since...
More »Inflation jumps to 17.05 pc from 15.57 pc
Food inflation soared to 17.05 per cent for the week ended January 22, rising for the second straight week, on the back of costlier vegetables, fruits and milk. Food inflation rose by 1.48 percentage points from 15.57 per cent in the previous week. The food inflation last year had stood at 20.56 per cent. On an annual basis, onion prices rose by 130.41 per cent in the third week of January,...
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