-Hard News While Narendra Modi's apologists will selectively quote from the latest CAG audit report on state finances that revenue earning has registered an upswing, they will compulsively forget that "the fiscal deficit of Rs 11,027 crore in 2011-12 was met out from a net borrowing of Rs 15,083 crore". The CAG has remarked that "an increase of 41 per cent in the market borrowing in 2011-12 over previous year for...
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'Jobless growth' during UPA-1, admits Centre -Rajeev Deshpande
-The Times of India Some 20 months after hotly contesting data on UPA-1's "jobless growth", the government has admitted to lack of substantial increase in employment between 2004-05 and 2009-2010, with the self-employed workforce shrinking from 56.4% to 50.7% of the total workforce. In absolute numbers, the self-employed decreased from 258.4 million to 232.7 million in this period while regular salaried workers rose from 69.7 million to 75.1 million. The ranks of...
More »Private players hesitant on public projects after new RTI ruling -Christin Mathew Philip & Ishan Srivastava
-The Times of India CHENNAI: The Centre's recent decision to disclose information related to public-private partnerships (PPP) to RTI applicants may throw a spanner in the works of several infrastructure projects. While RTI activists have hailed the move saying it would usher in greater accountability, private players are cold to the idea as they apprehend the use of RTI to create opposition to projects. Industrial sources said most private firms are not...
More »Rain and gale dash mango farmers’ hopes -Rajulapudi Srinivas
-The Hindu Heaps of fruit lay scattered in many orchards in Krishna district KEERTIRAYANIGUDEM (KRISHNA DT.): Farmers have expected a ‘windfall' and consumers are eagerly waiting for the ‘king of fruit' to enter the market. But, Saturday's rain and gale dashed the hopes of one and all. Farmers, however, were the worst-hit. The early morning activity in the mango orchards in the Central and Western Krishna district on Sunday reflected the extent of damage...
More »Congress attempts to recapture tribal votes with 3-tier remuneration scheme
-The Times of India After the job guarantee scheme played a crucial role in UPA's reelection, the government is working on a plan to reach out to 100 million tribals to ensure remuneration for minor forest produce. The government will unveil an ambitious initiative by June, after the Cabinet clears the policy. The plan is to have a mechanism to fix the minimum support price for a list of 10-15 non-timber forest...
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