Systemic Failure * Despite record procurement, poor storage has led to a criminal waste of grain * 61,000 tonnes of grain rotted as it was left in the open during the monsoon * The FCI had shut down storage facilities after low procurement in 2006-07 * The plan for decentralised storage facilities is 40 years old. It’s still hanging fire. * EGoM did not clear the surplus grains for the PDS since it would have...
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Posco, Vedanta being probed for ‘flouting' norms: Jairam
While regretting the effectiveness of the regulatory system, Jairam Ramesh, Minister of State for Environment and Forests, told the Rajya Sabha on Monday that corporate majors Vedanta and Posco were being investigated for alleged violation of government guidelines. Replying to supplementaries during Question Hour, Mr. Ramesh said a four-member Expert Group, which is currently in Orissa, was looking into all cases of violations. “Once I get the report of this group, we...
More »With FCI prices high, small traders don’t buy govt stock by Ravish Tiwari
Even as the issue of price rise takes centrestage in Parliament, the government’s attempt to offload wheat in the open market has found few takers among small traders. The reason: the price of wheat fixed by the Food Corporation of India (FCI) for small traders is higher than the prevailing wholesale prices at major centres across the country. In June, the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab...
More »Centre, states to share RTE expenses in 68:32 ratio
Underpressure from the states, the central government has agreed to bear a higher burden of the cost of implementing the Right to Education. The Centre’s share of the financial burden will be at 68%, a sharp rise from the sharing pattern of 55:45 in the current year and the proposed 50:50 from 2011-12 . The new sharing pattern has been approved by the Expenditure Finance Committee on Wednesday. The ministry...
More »Ministry approves higher allocation for RTE Act by Aarti Dhar
The Centre has revised the financial allocation under the Right of Children to Free and Compulsory Education Act over the next five years. As against the Rs.1,71,000 crore suggested earlier, the Finance Ministry has now approved an allocation for Rs.2,31,000 crore. The Expenditure Finance Committee (EFC) under the Finance Ministry has also agreed to increase the Centre's share effectively to 68 per cent and reduce the State share to 32 per...
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