-PTI The decision was taken by a consortium of banks which held a meeting in New Delhi. Some thirty odd bankers led by State Bank of India, which are staring at heavy losses to the tune of Rs 12,000 crore from the unfolding food scam in Punjab, on Monday discussed all options, including to stop lending to the state government. The decision was taken by a consortium of banks which held a meeting...
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The growing tribe of think tanks in India
-Livemint.com The quality of output and influence in policymaking have been disappointing In order to give a flavour of how important think tanks in Washington DC have been to the policymakers, Peter W. Singer, an American political scientist, once wrote: “...when President Reagan took office in 1981, he quickly gave every member of his cabinet an 1,100-page book from the Heritage Foundation, Mandate for Leadership, that provided an outline for conservative principles...
More »NITI Aayog plans new planning framework
-The Hindu Structural reforms and improving productive capacity can enhance long-term growth NITI Aayog, the government’s policy think tank, is working on a sector-based medium-term planning framework, Union Finance Secretary Ratan P. Watal told a meeting of state finance secretaries on Monday. The new planning framework could replace five-year plans, the last of which is set to end in 2016—17, Mr. Watal said. It was possible to synchronise with the finance commission cycle,...
More »Three reasons why the Centre has failed to provide relief to drought-hit states through MNREGA -Anumeha Yadav
-Scroll.in Despite the Modi government's claims, the scheme is short of funds, and states are unable to offer guaranteed employment to rural workers. Why aren’t the poor in drought-affected states getting state assistance when they most need it? The Supreme Court has strongly reprimanded the Modi government for not releasing adequate funds on time under the Mahatma Gandhi National Rural Employment Guarantee Act, or MNREGA, for rural workers especially in drought-hit states. Under the...
More »At The Margins -Lola Nayar
-Outlook Is the devolution of national funds to states really worth the praise? * Share of the states in the divisible pool of central taxes has risen from 32% to 42% for five years till 2019-20 * Rise in untied funds transferred is accompanied by cut in Central assistance for state plan spending * Limited ability of the poorer states to expand their fiscal space with own revenue collection * Funds for rural development...
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