-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...
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Roads and mobile phones have taken India's growth to Bharat-Neelkanth Mishra
-The Economic Times Sometimes, putting one and one together does make 11, but many of us seem hardwired in our thoughts to assume rural income growth is a zero-sum game. For example, some people believe subsidies have driven the 15-20 per cent a-year growth in rural wages over the last five years. They come up with "explanations", including "people are selling land and consuming", "rising minimum support prices", and "NREGA is...
More »Thanks to Sarva Shiksha Abhiyaan and Anganwadi system, more and more village girls are going to school -Abheek Barman
-The Economic Times As elections approach and the campaign gets shriller, the UPA and opposition parties are in the market for talking points to pin each other down. The BJP gloats that it created more jobs in its five years than UPA-I managed to create between 2004 and 2009. This is correct: between 1999-2000 and 2004-05 when the BJP was in power, the total number of jobs went up by a little...
More »No drinking water, electricity and sanitation in 20% of rural houses: Report
-The Times of India One in five rural households has none of three basic facilities - drinking water, electricity and sanitation - while only about 18% have access to all three. The India Rural Development Report 2012-13 released by Jairam Ramesh on Thursday also shows that while rural poverty has reduced significantly from over 40% to just 26%, there is large variation in poverty reduction between regions, districts and social classes...
More »Fight against child labour moving in right direction, but not quickly enough –UN report
-The United Nations The number of child labourers worldwide has declined by one third since 2000, from 246 million to 168 million, the United Nations reported today, while adding that this is still not enough to achieve the goal of eliminating the worst forms of the practice by 2016. "We are moving in the right direction but progress is still too slow. If we are serious about ending the scourge of child...
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