The Mamata Banerjee government is gearing to fight the Centre afresh for an additional allotment of subsidised rice to keep a pet project afloat. A shortage of cheap grain has hit the state’s Rs 2-a-kg rice scheme for about 20 lakh “needy” people who don’t figure on the below-poverty-line (BPL) list, with supplies having been stopped in the Darjeeling hills since April. Although the Centre had made it clear on March 12...

-The Hindustan Times The Central Bureau of Investigation (CBI) probing the multi-crore National Rural Health Mission (NRHM) scam on Saturday registered a fresh case relating to selective appointment of more than 100 chief medical officers (CMOs) in 72 districts of Uttar Pradesh. The appointments — in total disregard of rules — were made by then ministers Babu Singh Kushwaha and Anant Kumar Mishra in collusion with private contractors to ensure that...

-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...

-The Economic Times The finance ministry on Thursday announced a 10% cut in non-plan expenditure in the current fiscal as part of austerity measures aimed at containing its ballooning fiscal deficit. The Centre is aiming to bring down its fiscal deficit to 5.1% of GDP in 2012-13, from 5.76% in the previous fiscal. It also hopes to cut its subsidy bill to below 2% of GDP this year. The ministry has argued that...

The World of Work 2012 report presents a bleak picture of the global job situation. FOUR years after the global crisis erupted in 2008, organisations such as the International Labour Organisation (ILO) believe that labour markets still have not fully recovered. The world economy is not expected to grow at a sufficient pace over the next couple of years to overcome the crisis. These organisations present some depressing facts: those...