The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...

* Only those inside houses coated with cow dung escaped the 1984 Bhopal gas tragedy.   * There are only two ways to remain insulated from nuclear radiation, and one of them is application of cow dung. * Using cow dung can ensure normal delivery instead of C-section. * Those who drink the milk of jersey cow and buffaloes commit more crime than those who consume only desi cow’s milk. * Only the cow can...

-The Hindu   This is a major step towards providing liberation to farmers, says Sharma Ridiculing claims that opening of foreign direct investment (FDI) in multi-brand retail will lead to displacement and unemployment, Union Commerce and Industry Minister Anand Sharma on Friday asserted that this bold move would lead to creation of 10 million jobs and billions of dollars in investments during the next three years. Brushing aside the criticism by the Opposition parties,...

-The Economic Times   Government's flagship rural job guarantee scheme, MGNREGA, has led to labour shortages for the industry resulting in increased wage costs and hampering production, Ficci said today. The chamber, which has done a survey on the impact of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) on the industry and the farm sector, has suggested that the scheme should be stopped during the peak agricultural season. Besides, "the...

The government is mulling a raft of incentives for special economic zone developers to encourage them to move away from urban centres and focus on economically backward regions. A senior official in the commerce ministry said SEZ developers might get wider tax concessions if they build economic hubs in underdeveloped areas. The government may also lower the minimum area ceiling to ease land acquisition by them, the official said. These incentives...