-The Financial Express Seven years after MGNREGA came into being, the CAG report tabled on Tuesday in Parliament paints a dismal picture of the UPA's flagship rural employment guarantee programme. According to the CAG, while employment generation fell from 54 days per household in FY10 to 43 days in FY12, states that account for 46% of the rural poor - Bihar, Maharashtra and UP - utilised only a fifth of the...
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Consumers face fresh power tariff hikes -Utpal Bhaskar and Aman Malik
-Live Mint Government rejects coal price pooling, moves closer to allowing projects assured fuel linkages by CIL to import coal The government rejected a proposal to pool coal prices and instead moved a step closer to allowing power projects that had been awarded through competitive bidding and assured fuel linkages by state-owned miner Coal India Ltd (CIL) to import the fuel and pass on the incremental costs as higher electricity tariffs. Price pooling...
More »What the govt balance sheet shows-The words and deeds
-The Telegraph Kolkata: Chief minister Mamata Banerjee today flagged a four-member panel headed by a retired judge, a task force and an ordinance in her first comprehensive comments on the Saradha Group collapse that has triggered fears of a default contagion in Bengal. It was not clear if it was a stray remark or addressed at those seeking immediate relief for depositors but the chief minister also said that "ja gechhey ta...
More »Bengal in damage control, Saradha Group bust brings memories of '80s
-PTI KOLKATA: The West Bengal government has stepped in for damage control after chit fund company Saradha Group went bust reviving memories of the collapse of Sanchayita Investments in the early eighties when several investors and agents committed suicide. Sanchayita collected more than Rs 120 crore in 1980 before its offices were raided and it folded up with only a handful of people getting back a minuscule amount of money. Two main...
More »Sub-Saharan Africa fares well over South Asia on Malnutrition -Rituraj Tiwari
-The Economic Times WASHINGTON: As India gears up to provide food security cover to 67% of its population, a report compiled by Global Development Network says that the challenges to food security and rural livelihood is fast growing not only in India but in entire South Asia. The report says that the problem can be addressed by investment in agriculture and rural livelihoods on a priority basis. "Financial Investment in agriculture research...
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