-PTI The scheme can have a negative impact on prices, productivity: FICCI-KPMG New Delhi: After the Prime Minister's referred to MGNREGA as a "monument to the failure of the UPA regime", comes a report blaming it for creating shortage of farm labour. A Federation of Indian Chambers of Commerce and Industry (FICCI)-KMPG report titled ‘Labour in Indian Agriculture: A Growing Challenge', released here on Wednesday, says schemes, such as the Mahatma Gandhi National...

-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...

-The Tribune Chief Minister pushes for crop diversification, says will provide farmers all help Chandigarh: Chief Minister Parkash Singh Badal today said the state government would provide 50 per cent subsidy to farmers willing to rear cows for producing organic dairy products, besides setting up a board to sort out issues and requirements pertaining to organic farming. Addressing participants on the concluding day of the National Organic Farming Convention here, Badal said the...

-The Hindu Over 3 lakh tonnes of food grain, enough to feed 15 lakh families, is pilfered from ration shops annually Chennai: The quantum of PDS rice pilfered from Tamil Nadu is so high that it is what 15.68 lakh families are entitled to draw free of cost every month. A whopping 3.76 lakh tonnes of rice from the public distribution system goes missing annually. In financial terms, this means a loss of...

-Centre for Budget and Governance Accountability (CBGA) Press Release   New Delhi: The direction indicated by the Finance Minister's Budget Speech in general and that of the taxation policies in particular indicate a quantum leap being taken towards market fundamentalism. In the absence of any increase in the overall spending capacity of the government (Centre and States combined), the steps for fiscal decentralization (from Centre to States) have been constrained, implying only...