-The Telegraph One Singh has told the Congress what another Singh probably wants to: create a political environment conducive for reducing subsidies. Planning Commission deputy chairman Montek Singh Ahluwalia has told Congress MPs that subsidy cuts are essential if India has to preserve its growth momentum — a statement more in line with the known views of Prime Minister Manmohan Singh than the populist line preferred by many Congress leaders. Many Congress MPs,...
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CAG challenges government to identify specific breach of constitutional mandate-Shalini Singh
-The Hindu Not only has the Comptroller and Auditor General (CAG) defended its position vis-à-vis allegations that it is exceeding its constitutional mandate, it has also been vindicated by the then former Finance Minister, Pranab Mukherjee. At an Economic Editor’s Conference in 2011, he said, “I am making it clear that I do not think the CAG is exceeding its jurisdiction, because the basic responsibility of the CAG is to identify...
More »We should not forget that prices which consumers pay are not what farmers get
-The Times of India Union steel minister Beni Prasad Verma's claim, that he was happy with inflation as higher food prices have helped farmers, borders on the ludicrous. A few weeks back P Chidambaram also attracted flak when he said that consumers have to pay more for sugar, rice and wheat as procurement prices are raised to benefit farmers. Linkages between high food prices and farmers' welfare is dubious because there...
More »PSU Bank Employees Go On 2-Day Strike
-PTI Employees of public sector banks have gone on two-day nationwide strike today opposing banking sector reforms and outsourcing of non-core activities, affecting operations. Several private sector banks, foreign banks and ATMs, however, continued to operate normally. The strike call was given by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions of employees and officers of PSU banks. They are protesting against banking sector reforms and unilateral implementation of...
More »Government ready to take up bill to amend Coal Mine Nationalisation Act: Coal Minister Sri Prakash Jaiswal-Rohini Singh & Soma Banerjee
-The Economic Times The government is ready to give up its monopoly over coal mining to meet the requirements of the Economy, if BJP supports a long-pending legislation to amend the Coal Mine Nationalisation Act (CMNA). "We are ready to take up the bill and open up the coal sector to increase production. This is the only way forward and there is a consensus within the government on this. Once BJP comes...
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