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Doing a number on FSB-Ashok Kotwal, Milind Murugkar and Bharat Ramaswami

-The Financial Express In an article published in this newspaper on September 4, 2013, Surjit Bhalla takes us to task for critiquing his earlier estimates of the cost of the Food Security Bill. Bhalla asserted that subsidy expenditures would more than triple and the FSB would cost the government R3,14,000 crore annually or 3% of GDP. We argued that Bhalla was barking up the wrong tree and that the main things...

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ADB to lend India $500 mn for renewable energy project

-Reuters NEW DELHI: The Asian Development Bank will provide a $500 million loan to build a transmission system for solar and wind energy in western India, the bank said on Friday, a day after it announced a $400 million package for a water and sanitation programme in the eastern part of the country. The loans from the Manila-based bank come at a time when India is looking to boost dollar inflows to...

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India Rural Development Report 2012/13 launched

-Press Information Bureau The India Rural Development Report 2012/13 was released here by Shri Jairam Ramesh, Minister for Rural Development, Government of India. The Report was prepared by IDFC Foundation in collaboration with network partners, the Centre for Economic and Social Studies (CESS), the Institute for Rural Management Anand (IRMA), and the Indira Gandhi Institute of Development Research (IGIDR), with contributions from several other researchers, experts and civil society organisations. On...

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Voter has right to negative voting: SC

-PTI In a landmark verdict, the Supreme Court on Friday held that citizens have right to cast negative vote rejecting all candidates contesting polls, a decision which would encourage people not satisfied with contestants to turn up for voting. The apex court directed the Election Commission to provide ‘none of the above options' at the end of the list of candidates in electronic voting machines (EVMs) and ballot papers to allow voters...

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Odisha, Bihar least developed, Gujarat less developed: Raghuram Rajan panel

-The Economic Times NEW DELHI: A high-level panel has recommended new criteria for measuring the backwardness of states and proposed the devolution of funds to them through an index that identifies Odisha and Bihar as the least developed states and Goa as the most developed one. The committee had been set up by the government amid demands for "special category" status by Bihar and was headed by the then chief economic...

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