-The Hindu Internet’s contribution to GDP will grow from $30 billion to $100 billion by 2015 The Internet has established its role as a powerful economic force multiplier with a new study projecting that its contribution to India’s GDP will explode to $100 billion (Rs. 5 lakh crore) by 2015 from $30 billion (Rs.1.5 lakh crore) at present. The study on the “Impact of Internet on the Indian Economy” by McKinsey, which is...
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Internet governance needs consensus, says Sibal -Shalini Singh
-The Hindu While the Internet growth story in India seems promising, individual users are yet to play their rightful role. Individual consumption is placed at 29 per cent — much lower than the international figure of 45 per cent, which means the Internet economy in India continues to be driven by large companies. By 2015, the Internet sector is projected to become bigger than the education sector, and equal to the...
More »Large gains in life expectancy indicate inclusive impact of economic reforms
-The Times of India Average life expectancy in India jumped up by 4.6 years in the decade up to 2008, according to the latest data released by the Registrar General of India. Since this was also the period when economic reforms had the maximum impact, it gives the lie to an idea that's pervasive in the political domain - that reforms benefited only a tiny elite, leaving the rest of India's...
More »PM Manmohan Singh directs cash transfers for social welfare schemes
-The Economic Times Prime Minister Manmohan Singh has taken charge of the UPA's initiatives to directly transfer welfare benefits and subsidies into individual beneficiaries' bank accounts - a system that would plug the rampant leakages of funds earmarked for the poor via schemes such as NREGA on which the government spends over 3,00,000 crore annually. A new ministerial co-ordination committee under the PM would now fast-track the architecture for cash transfers while...
More »Govt holds out SC lesson before critics
-The Telegraph The Manmohan Singh government has decided to aggressively highlight the Supreme Court’s opinion on allocation of natural resources to debunk the CAG’s coal report that presumed losses of Rs 1.86 lakh crore. Although the government had given a restrained formal response yesterday, senior ministers P. Chidambaram, Salman Khurshid and Kapil Sibal were fielded again today. The ministers carefully avoided attacking the CAG directly but the essence of their argument was that...
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