The government admitted to the empowered group of ministers (EGoM) on food and prices that 61,000 tonnes of foodgrain had rotted in its granaries as it was kept with poor protection for too long. The EGoM headed by Finance minister Pranab Mukherjee was ascertaining the status of overflowing stocks in Food Corporation of India godowns. Sources said Haryana and Punjab were unable to protect or sell the 15.5 million tonnes...
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FICCI opposes mining bill, debunks tribal compensation scheme
Criticising the government’s Mining Bill, FICCI has said that the proposed legislation would adversely impact investments in the sector. It also termed the government’s scheme to provide shareholdings to tribals in mining projects as flawed. In a recent letter to Finance Minister Pranab Mukherjee, FICCI Secretary General Amit Mitra said that the proposed act will “adversely affect the industry”. “...the latest draft of the Mines and Minerals Development and Regulation Act 2010 proposes...
More »Instead of feeding the poor, India lets grain rot by Samar Halarnkar & Manpreet Randhawa
A day after the Prime Minister urged a quick start to a national food security network, it has emerged that his government may let foodgrain —enough to feed 140 million poor people for a month—decay, instead of spending money and effort distributing it to the poor. Warning of an “emergency situation”, a person familiar with the situation told the Hindustan Times that 17.8 million tonnes of wheat and rice are being...
More »Must cut dependence on debt, reduce subsidies: PM
Prime Minister Manmohan Singh said on Saturday that the country needed to cut down on its dependence on debt to Finance its developmental programmes and find ways to reduce the current level of subsidies. "The financing of the plan expenditure has depended far too much on debt. This must change," said Singh while addressing a meeting of the National Development Council (NDC), the country's top policy forum. To fund its...
More »Naxalism: Govt Mulls OBC Expansion by Mukesh Ranjan
In a bid to instil a sense of belonging among people living in the Naxal-affected states of Jharkhand and Chhattisgarh, the government is considering the inclusion of 185 castes in the Central list of OBCs, which will entitle them to a slew of benefits. Sources in the government said, “A proposal to this effect from the ministry of social justice is high on the agenda of the Union Cabinet, which will...
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