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India has addressed shortfalls in fight against black money: FATF

-PTI     FATF is an inter-governmental body that sets standards and promotes policies to combat money laundering and terrorist financing for countries across the world. In a major boost to measures being taken by India against money laundering and terror financing activities, the Financial Action Task Force (FATF) today said the country has substantially addressed the deficiencies in its regulatory framework and has become largely compliant with global standards in this regard. FATF is...

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Following the domestic iron ore trail-Sudipto Mondal

-The Hindu     The travails of an official who tried to trace the route, destination of the ore THE STORY SO FAR A six-month investigation by The Hindu shows that 350 million tonnes of iron ore was transported out of Bellary between 2006 and 2010 costing the exchequer over Rs. 1 lakh crore. The Lokayukta report had pegged the loss at Rs. 12,228 crore. Our investigation showed that 200 million tonnes of ore was...

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Misplaced largesse for food security-Kathyayini Chamaraj

-Deccan Herald The very first announcement made by Chief Minister Siddaramaiah on taking charge as the new CM is that the unit system under the Public Distribution System (PDS) would be scrapped and 30kg of rice at Re 1/kg would be given to each Below Poverty Line (BPL) household, irrespective of the size of the family. This is estimated to cost Rs 2,373 crore a year, almost double the estimated Rs 1,200...

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How GDP understates economic growth-Bill Gates

-The Guardian GDP may be an inaccurate indicator in sub-Saharan Africa, which is a concern for those who want to use statistics to help the world's poorest people Even in good financial times, development aid budgets are hardly overflowing. Government leaders and donors must make hard decisions about where to focus their limited resources. How do you decide which countries should get low-cost loans or cheaper vaccines, and which can afford to...

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An Abstract Hunger- Anuradha Raman

-Outlook A govt in credibility crisis wants to see the food security bill through The UPA-II government's flagship programme, the Food Security Bill, which comes with a neat price tag of Rs 1.23 lakh crore, holds the promise of eradicating hunger. If passed, the bill, it is expected, will ensure foodgrain to 67 per cent of the poor. Surely, with elections round the corner, no political party can risk opposing it....

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