Foreign direct investment in education has been stuttering in India more than a decade after it was allowed, apparently because education is a not-for-profit sector where surplus revenue has to be ploughed back into expanding the institution. India’s education sector has witnessed significant expansion since the government approved FDI in April 2000, thus providing a huge opportunity for investment. Yet FDI remained zero in the first three years, increased till 2008-09...
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Food security bill not sustainable: ADB official
-IANS The food security bill, that seeks to legally entitle majority of India's population to cheaper foodgrains, is not sustainable as it would put further pressure on fiscal deficit and worsen inflation, an Asian Development Bank (ADB) official said on Tuesday. "While the purpose of ensuring food security to the poor is laudable, the food security bill is not the right mechanism for it," said Biswa Nath Bhattacharyay, lead professional, Asian Development...
More »West Bengal's missing data
-The Business Standard A data battle is exciting news for us, almost like what breaking news is to many others. We’ve been closely tracking the ‘Curious Case Of West Bengal’s Missing Numbers’ for a few months now. The case is getting more interesting, almost mysterious, as the results of a Right To Information (RTI) petition filed by ISPR Research Fellow Sourjya Bhowmick with the Ministry of Finance show. A few weeks ago,...
More »Package to benefit 3 lakh handloom weavers: Sharma by Aarti Dhar
The Rs.3,884-crore package for the handloom sector, which includes one-time waiver of overdue loans and interests, approved by the Union Cabinet, is expected to benefit about 3-lakh weavers and 15,000 cooperative societies, which would have access to institutional credit once again. However, the package will benefit only those who took loan before March 31, 2010. “There would be many weavers who had no access to institutional credit in the past and...
More »Govt accepts Kejriwal's resignation after six years
-PTI The government has finally accepted the resignation of Team Anna member Arvind Kejriwal from the Indian Revenue Service (IRS), almost six years after he quit the job. The acceptance of resignation came 45 days after Kejriwal deposited over Rs 9 lakh as dues to settle the issue. "The government has finally accepted my resignation from the Income Tax Department. I received the letter today," Kejriwal told PTI. He had quit the IRS...
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