The rapid growth of emerging economies has led to a shift in economic power: forecasts based on analysis by late economist Angus Maddison suggest that the aggregate economic weight of developing and emerging economies is about to surpass that of the countries that currently make up the advanced world. According to Perspectives on Global Development: Shifting Wealth, a new publication from the OECD Development Centre, the economic and financial crisis is...
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Food inflation rises to 16.90%
India's food inflation accelerated in mid-June, maintaining pressure on the Reserve Bank of India to tighten monetary policy at a faster pace. India's food price index rose 16.90 per cent in the year to June 12, higher than the previous week's annual reading of 16.12 per cent, government data released on Thursday showed. The fuel price index remained unchanged at 13.18 percent in the year to June 12. The yield...
More »Plan panel focus on 11 rebel-hit districts by Suman K Shrivastava
Thanks perhaps to President’s rule, Jharkhand received a patient hearing from the Planning Commission that okayed the infusion of more funds to deal with the Naxalite menace. After two rounds of meetings with the state top brass in New Delhi today, the commission approved a Plan outlay of Rs 9,240 crore, Rs 240 crore more than what was proposed by the state administration for 2010-11. The additional Rs 200 crore was earmarked...
More »Maoists on mind, govt mulls mining law by Nishit Dholabhai
The government is thinking of bringing in a law that would allow the National Investigation Agency to probe cases of illegal mining. The proposal for arming the NIA with this power had come from the Prime Minister’s Office. Sources said the objective was to enable the Centre to break the “mining mafia”. If passed, the proposed legislation will also enable the government to scrap leases of companies engaged in illegal operations, like...
More »MP first state in the country to push for food security for the poor
The recent allegations made are uncalled for and can be seen as an attempt by bidders disqualified due to not fulfilling the tender requirements. Companies like Glodyne who have been crying foul did not even have an ISO certification to bid for the project and have failed miserably in states like Bihar to execute projects of nation building NREGA it took on. Other players included TCS and Aditya Birla Group...
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