Corruption and inflation, the bugbears of UPA-2, dominated discussions Congress functionaries held with finance minister Pranab Mukherjee amid expectations from the party that a populist Budget would help check the negative tide against the Centre. Party leaders are hoping specifically for income tax relief for the middle class and concessions for rural populace as the budgetary antidote to the negativity post-2G spectrum scam. Mukherjee assured his party that prices would come down...
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Bangladesh announces probe into Grameen Bank by Anbarasan Ethirajan
The Bangladeshi government has ordered an investigation into the Grameen Bank of Nobel Peace laureate Muhammad Yunus. The move follows recent allegations that nearly $100m (£64m) of Norwegian aid was wrongly transferred from the bank to other parts of Grameen. The bank strongly denied the allegations and Norway said last month that there were "no more unanswered questions" into them. The head of the probe said it would "impartially investigate" the claims. A spokesman...
More »Whither Copenhagen promise of funding developing countries? by R Ramachandran
Developed countries at the 15th Conference had committed themselves to providing around $30 billion for 2010-12 The fund is for supporting developing countries' climate efforts No clarity on how donors will channel the fast-start funds Developed countries are failing to meet the funding pledges that they made at the Climate Summit in Copenhagen last December to support developing countries' climate efforts. At the 15th Conference of the Parties (COP-15) in Copenhagen, developed countries...
More »Third farmer suicide in drought-hit Bardhaman district
Even though the West Bengal government is yet to confirm that suicides by farmers in the Ausgram block of Bardhaman district are drought-related, following the third incident on Wednesday, district authorities admitted on Thursday that the farmers were “under a stress of debt burden.” “It is not possible to be sure whether the suicides are drought-related or not, but it is clear that the economic condition of the farmers was not...
More »MPs contest figures on manual scavengers by Smita Gupta
Contesting government figures, several MPs on Monday stressed that the number of manual scavengers still left in the country was much higher than what was furnished by the Ministry of Social Justice and Empowerment — 1.17 lakh. At a meeting of the Parliamentary Consultative Committee attached to the Ministry, they pointed out that this figure did not square with the much larger number of proposals received by the Ministry of Housing...
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