The 13th Finance Commission (TFC) has recommended a return to fiscal consolidation and reform in expenditure management. It has also suggested the Centre offer states a share of revenue raised from levies such as cesses and surcharges, according to people familiar with the report. TFC, a statutory body tasked with suggesting ways in which taxes should be shared between the Centre and states and drawing up a road map towards fiscal...
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Industry skill training for rural youth by Cithara Paul
Highlights of the skill development programme * All rural youths in BPL category eligible * Govt. assures placement for at least 75 percent trainees * Youths to get training on technical and soft skills * MoUs with industrial houses to ensure placements * 75 percent expense to be borne by Centre, rest by state governments The Centre is firming up a skill development scheme for poor rural youth who will be given technical training by the...
More »Poverty is surely declining, but not fast enough: Manmohan Singh by Prafulla Das
“Much more needs to be done to improve the living standards of the poor” The decline in poverty has not been as fast as one would have wished and it remains a major challenge before the country because the poor are still too poor, Prime Minister Manmohan Singh said on Sunday. Inaugurating the 92nd conference of the Indian Economic Association (IEA) at KIIT University here, Dr. Singh said much more...
More »PM sees reforms benefiting poor
Prime Minister Manmohan Singh today said the economic reforms initiated by him almost two decades ago had reduced the number of poor, though much more was still needed to be done. “There is no evidence that the new economic policies have had an adverse effect on the poor,” Singh said at the annual conference of the Indian Economic Association here today. “The percentage of population below the poverty line has certainly not...
More »Aam admi finds dal-roti out of reach in UPA’s second innings by Gargi Parsai
More than the return of the United Progressive Alliance (UPA) government to power, the aam admi will remember the year 2009 for the back-breaking mehngai and the inability of the government to make dal-roti, sabzi and chini affordable for the masses. The unprecedented rise in the price of essential commodities, particularly pulses, sugar, milk and vegetables turned the year bitter for the aam admi. What was irksome for the people was...
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